TLDRCircle announced a secondary stock sale of 10 million shares (2 million from the company, 8 million from existing stockholders)Stock fell 6% in after-hours trading to $154Share price is down nearly 50% from record high of $299, but still up about five-fold from IPO price of $31The offering comes about two months after Circle’s NYSE debutCircle reported a $428 million loss for Q2 2025Circle Internet Group (CRCL), the company behind the USDC stablecoin, announced a secondary stock offering on Tuesday that sent shares tumbling in after-hours trading.The stock fell 6% to $154 following news of the 10 million share offering. This represents a steep drop from its all-time high of $299, though shares remain well above the initial public offering price of $31.According to an S-1 filing with the U.S. Securities and Exchange Commission, Circle will offer 2 million Class A common shares. The remaining 8 million shares will come from existing stockholders looking to cash in on the company’s strong post-IPO performance.Underwriters will have a 30-day option to purchase an additional 1.5 million shares as part of the greenshoe option.The offering comes approximately two months after Circle’s debut on the New York Stock Exchange. The IPO saw the stock price surge as investors rushed to gain exposure to the growing stablecoin market.Despite the current pullback, Circle shares have delivered impressive returns. The stock has risen about 450% since going public on June 5, 2025.Financial PerformanceEarlier on Tuesday, Circle released its first quarterly results as a public company. The firm reported a $428 million loss for the second quarter of 2025.The loss translates to $4.48 per share, largely due to charges related to its IPO. However, the company also reported some positive news.Revenue increased by 53% compared to the same period last year. This growth was driven by strong demand for stablecoins.Circle’s USDC token remains one of the largest stablecoins by market capitalization. Stablecoins are cryptocurrencies designed to maintain a stable value, typically pegged to a fiat currency like the US dollar.The company has benefited from the growing adoption of stablecoins for various use cases including payments, remittances, and as a safe haven within the volatile crypto market.Market ReactionThe market reaction to Circle’s secondary offering highlights the mixed sentiment surrounding the stock.On one hand, the company has demonstrated strong revenue growth and operates in an expanding sector of the cryptocurrency market.On the other hand, the large number of shares being sold by existing stockholders may raise questions about insiders’ confidence in the company’s near-term prospects.It’s worth noting that the stock closed up 1.3% in regular trading on Tuesday, before the announcement of the secondary offering.This suggests that investors initially responded positively to the quarterly results, despite the reported loss.The after-hours decline of 6% brings Circle’s stock to $154, placing it at a market value that’s still substantially higher than its initial public valuation.The timing of the offering, coming so soon after the company’s IPO, is not unusual for high-growth companies whose shares have seen rapid appreciation.The secondary offering will provide additional liquidity for the stock while allowing early investors and company insiders to realize some of their gains.For new investors, the offering presents an opportunity to acquire shares at a lower price point than recent trading levels.Circle’s stock price movement in the days ahead will likely depend on how the market perceives the secondary offering and the company’s growth prospects in the competitive stablecoin market.The most recent trading price of $154 represents a 6% decline from Tuesday’s close, bringing the total market capitalization to several billion dollars above its initial public valuation.The post Circle (CRCL) Price: Stock Falls to $154 After Hours Despite 53% Revenue Growth in Q2 appeared first on Blockonomi.