Circle's stock dropped over 5% in post-market trading after the company announced plans to sell 10 million shares following a remarkable 425% increase since its IPO. This decision comes after the company's first earnings report, which revealed a total revenue of $658 million, surpassing analyst expectations. The share sale includes 2 million shares of Class A common stock and 8 million shares from existing stockholders, indicating a strategic move to capitalize on the stock's recent surge.

CEO Jeremy Allaire highlighted the growth of Circle's stablecoin, USDC, which saw a 90% year-over-year increase in circulation, reaching $61.3 billion. The company also announced the upcoming launch of a new blockchain network, ARC, aimed at enhancing stablecoin finance. Despite the positive revenue growth, analysts expressed concerns over the company's gross profit margin guidance for the second half of 2025, which may impact investor sentiment.