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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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Circle IPO Nets $1.1B as It Prices Share Sale Above Target Range - Unchained
Stablecoin issuer Circle priced its IPO at $31 per share late on Wednesday, $3 above the top of a recently revised range of $27 to $28 per share, and sold 34 million shares to raise around $1.1 billion.
Strong demand prompted the stablecoin issuer to scale up its IPO from an original allocation of 24 million shares
Circle is now valued at $6.8 billion to $8 billion on a fully diluted basis.
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“It looks like Circle’s IPO is 25x oversubscribed, valuing the company at around $7b,” venture capitalist and entrepreneur Chamath Palihapitiya said on X. “If someone can buy it for even $12-13b, that’s a steal, imo, for what this business could be worth in 20 years.”
“Circle has built the entire market structure for stablecoins well before it will formally exist in the U.S. (i.e. ahead of the GENIUS bill),” Palihapitiya said.