Binance Acquires Circle Equity for $100 Million at $80.84 per Share

Circle Internet Group submitted an 8-K filing to the U.S. SEC, revealing that a subsidiary of Circle entered into an agreement with Binance on September 17, 2026, to expand their strategic cooperation in promoting USDC. Binance is purchasing 1,237,011 shares of Circle Class A common stock at $80.84 per share, totaling an investment of $100 million, with the purchase price reflecting a discount to the market price. Under the agreement, Circle will pay Binance a monthly incentive fee based on a percentage of the USDC held through Circle's modular smart contract wallet infrastructure service, and Binance will engage in additional activities to promote USDC on its platform. The agreement is set for five years, with provisions for either party to unilaterally terminate under specific circumstances. This new agreement replaces the previous agreements from November 2024 and August 2025. The shares are being issued through a private placement and are not registered under the Securities Act. Binance has agreed not to directly or indirectly sell, transfer, pledge, or hedge these shares from the date of closing until the second anniversary or before the termination of the business arrangement, while retaining voting rights and subject to several customary exceptions.

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