BBX News: Circle Q1 revenue is $694 million (+20%), USDC on chain is $21.5 trillion (+263%), ARC token pre-sale is completed at $222 million (valued at $3 billion); SUIG pledged 108.7 million SUIs (with a circulation of 2.7%) in full, triggering a weekly increase of 37% in SUIs. Q1 adjusted revenue was $1.4 million, with a non cash loss of $71 million.
Core points:
Circle (NYSE: CRCL): Q1 revenue of $694 million (+20%), EPS of $0.21 (exceeding expectations), EBITDA of $151 million (+24%); USDC $77 billion (+28%), on chain $21.5 trillion (+263%), 63% market share; Reserve yield of 3.5% (-0.66ppt), with reserve income accounting for 94%; ARC pre-sale completed at $222 million.
SUI Group (NASDAQ: SUIG): 108.7 million SUIs fully pledged (with a circulation of 2.7%, approximately $143 million), with a daily production of 5200 SUIs and an annualized rate of 1.8%; Trigger SUI for one week+37%; Q1 adjusted revenue of $1.4 million, non cash loss of $71 million; Galaxy Digital hosting.
Source: bbx.com
