SCHEDULE: Breyer Entities Disclose 6.4% Stake in Circle Internet Group

James Breyer and affiliated entities report significant beneficial ownership in Circle Internet Group, Inc.'s Class A common stock.

Summary

• James Breyer, Breyer Capital L.L.C., and The James W. Breyer 2005 Trust u/d/t March 25, 2005, collectively reported beneficial ownership in Circle Internet Group, Inc.'s Class A common stock.
• As of June 30, 2025, James Breyer beneficially owned an aggregate of 13,360,862 shares, representing 6.4% of the Class A common stock.
• Breyer Capital L.L.C. beneficially owned 12,997,328 shares, equating to 6.3% of the class.
• The James W. Breyer 2005 Trust u/d/t March 25, 2005, beneficially owned 13,026,236 shares, also representing 6.3% of the class.
• The ownership percentages are calculated based on 207,650,578 shares of Class A common stock outstanding, as reported by the Issuer in its prospectus dated June 4, 2025, assuming full exercise of the underwriters' option.
• Breyer Capital L.L.C. directly holds 12,997,328 shares, Tuscany Sunrise Capital LLC holds 334,626 shares, and Breyer Chao Capital LLC holds 28,908 shares.
• James Breyer and the Trust have voting and dispositive power over shares held by Breyer LLC, Breyer Chao, and Tuscany LLC due to their roles and ownership structures.

Sentiment

Score: 5

Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the company's performance or prospects. It is a neutral reporting of a significant stake.

Future Outlook

N/A

Industry Context

This filing is a standard disclosure of significant beneficial ownership by an investor group in a publicly traded company. It does not provide specific insights into broader industry trends or competitive landscape beyond the fact that a notable investor has taken a significant stake in Circle Internet Group, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant ownership stakes, which can influence market perception and trading activity.
• Company Management: Awareness of major shareholders and their potential influence on corporate decisions.

Key Dates

Keywords

Circle Internet Group, James Breyer, Breyer Capital, Beneficial Ownership, SEC Filing, Class A Common Stock, Investment, Shareholder, Institutional Investor