In the grand theater of Wall Street’s endless comedy, Circle, that proud issuer of your beloved USDC, now decides to inflate its spectacle. Because nothing says stability like tossing more shares onto the fire—up from 24 million to a whopping 32 million. Yes, all for the sake of big shots and their insatiable appetite for a piece of the digital pie. 😏
The Great Price Escalation
But why stop there? No, no. The price guidance, that tiny whisper of worth, gets a boost from a modest $24–$26 per share, to an even more daring $27–$28. Ah, the thrill of the market—where numbers are just ornaments on a Christmas tree of speculation. The SEC now has a front-row seat to this circus, filed with all the seriousness of a clown’s nose.
And what’s this? BlackRock, the titan of asset management, lurks in the shadows, eyeing nearly 10% of the offering. Because nothing says confidence like a giant fund eyeballing your tiny IPO, as if it’s the last cupcake at a party. The details of their covert operation? As secret as the meaning of life, but one thing’s clear—Circle’s relationship with BlackRock is tighter than a bank vault, thanks to the Circle Reserve Fund holding nearly $30 billion in shiny dollar reserves. 💰
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2025-06-02 16:54