Circle Acquires Hashnote for $99.8 Million Ahead of IPO

Circle’s recent S-1 filing confirms the acquisition of 100% ownership in Hashnote Holdings LLC, a deal worth $99.8 million. The purchase included $9.9 million in cash and roughly 2.9 million fully-vested Circle shares. This undisclosed valuation now sheds light on Circle’s strategic investments ahead of its anticipated IPO, where it seeks to raise $600 million according to its latest SEC filing. Read more.