Circle’s $99.8M Hashnote Deal Confirmed in IPO Docs
Circle’s acquisition of tokenization startup Hashnote drew attention in January. Now, fresh IPO filings finally reveal the price tag.
According to Circle’s updated S-1 filing, the deal cost $99.8 million. The payment included $9.9 million in cash and about 2.9 million fully-vested Circle shares.
The filings state:
“In January 2025, the Company acquired 100% of the ownership interest in Hashnote Holdings LLC… The fair value of consideration transferred was approximately $99.8 million, subject to customary adjustments.”
This valuation, previously undisclosed, gives a clearer look at Circle’s strategic investments ahead of going public.
Circle is pushing ahead with its IPO plans. The stablecoin issuer aims to raise $600 million, according to its latest S-1 amendment filed Tuesday with the SEC.
The company behind USDC, one of the world’s leading stablecoins, is betting big on the growing demand for tokenized assets.
Hashnote, known for its on-chain investment tools, is expected to strengthen Circle’s role in institutional-grade tokenization. This move reflects Circle’s broader vision to expand beyond payments and stablecoins into full-service digital finance infrastructure.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
