Circle Stock Jumps 1.5% After It Expands Binance Commercial Pact, Sells $100M Class A Stake

TigerSep 22, 2026 11:42 AM

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Circle entered a five-year expanded commercial arrangement with Binance and sold $100 million of Class A common stock to Binance.

Key Highlights:

Circle and Binance signed a five-year agreement to promote USDC via Circle’s Modular Smart Contract Wallet; prior deals from 2024 and 2025 are superseded.
Circle will pay Binance a monthly incentive fee tied to the amount of USDC held through the Modular Smart Contract Wallet; Binance will promote USDC on its platform.
Circle privately sold 1,237,011 Class A shares to Binance at $80.84/share for $100 million in aggregate proceeds.
Binance agreed to limited transfer restrictions on the subscribed shares for up to two years (subject to certain terminations and customary exceptions) but retains voting rights.

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