Binance invests USD 100 million in Circle via private placement of Class A shares
CRCL•Commercial agreement expands USDC access
The transaction coincides with a new five-year commercial agreement to expand USDC access, with a focus on emerging markets.
Strategic equity investment and share terms
Binance made a USD 100 million strategic equity investment in Circle via a private placement of Class A common stock.
The purchase price reflected a 5% discount to Circle’s market price before closing. Binance agreed to a lock-up of up to two years from closing, subject to customary exceptions.
