ME News report, May 12 (UTC+8): According to comprehensive disclosures from BBX cryptocurrency-related stock information, Circle Internet Group released its Q1 financial results yesterday: revenue of $694 million (up 20% year-over-year), USDC on-chain transaction volume of $21.5 trillion (up 263% year-over-year), and completion of a $222 million ARC token presale; Sui Group Holdings transferred all 108.7 million SUI tokens (approximately $143 million, about 2.7% of circulating supply) directly into staking, triggering a weekly price increase of approximately +37% for the SUI token.
Key Updates Quick Recap
Circle Internet Group (NYSE: CRCL) reported Q1 revenue of $694 million (up 20% year-over-year, below expectations of $715 million), adjusted EPS of $0.21 (above expectations of $0.17), and EBITDA of $151 million (up 24% year-over-year); USDC in circulation reached $77 billion (+28%), on-chain volume hit $21.5 trillion (+263%), and stablecoin market share stood at 63% (per Visa data); reserve yield declined to 3.5% (-66 basis points), with reserve income accounting for 94% of total revenue, representing core interest rate exposure; on the same day, the company completed a $222 million ARC token presale (fully diluted valuation of $3 billion, with participation from BlackRock, ARK, Apollo, and others), and unveiled its Agent Stack to build AI-native payment infrastructure.
Sui Group Holdings Limited (NASDAQ: SUIG) disclosed in its earnings report: It has transferred all 108.7 million SUI tokens (approximately 2.7% of SUI’s circulating supply, valued at ~$143 million) from DeFi protocols into direct staking (previously withdrawn due to DeFi security risks), generating approximately 5,200 SUI per day with an annualized yield of ~1.8%. Combined with the existing ~74% of SUI supply already staked, this triggered a significant supply shock, causing SUI to rise ~37% over the week (peaking at $1.41). Q1 GAAP revenue was $600,000 (adjusted to $1.4 million), with a non-cash SUI fair value loss of $71 million. SUIG is the sole official Nasdaq-listed partner of the Sui Foundation, with its holdings custodied by Galaxy Digital. ⚠️ The treasury is centered on SUI, making its risk exposure highly correlated with SUI’s price.(Source: BBX)
