According to ME News, on August 5 (UTC+8), Circle CFO Jeremy Fox-Geen responded to a question regarding “whether there are any plans to introduce quarterly dividends” during tonight’s earnings call: “No, we do not have such plans. Let me provide some context: as the world transitions from traditional systems to new internet-based financial services built on blockchain technology, we are presented with a tremendous opportunity to become a leading internet platform company. As we’ve consistently emphasized, we aim to maintain a strong balance sheet to ensure we can continue investing in this opportunity regardless of market cycles, and to be well-positioned to seize major opportunities as they arise. Therefore, we believe maintaining a robust balance sheet is the right approach, and we view reinvesting capital into this platform as delivering significantly greater returns to shareholders than paying quarterly dividends.” Jeremy Fox-Geen added: “Fundamentally, we are a growth stock with substantial future market potential, not a capital-return stock focused on share buybacks or dividends at this stage.” (Source: ODAILY)
Circle CFO: No Plans for Quarterly Dividends in the Near Future
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Summary
Circle CFO Jeremy Fox-Geen confirmed in a recent on-chain news update that the company has no immediate plans to issue quarterly dividends. During a conference call on August 5 (UTC+8), he emphasized that Circle is prioritizing ecosystem growth and maintaining a strong balance sheet. Fox-Geen noted that the company is positioned for long-term expansion in blockchain-based financial services, rather than focusing on buybacks or dividend payouts at this stage.
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