BlackRock Planning to Acquire 10% of Circle IPO Shares
In what is another clear sign of its deepening ties with the cryptocurrency sector, $11 trillion asset manager BlackRock is reportedly planning to acquire 10% of Circle IPO shares. Indeed, the firm is set to load up on the USDC stablecoin issuer’s initial public offering, according to a Bloomberg report. In its recent US Securities and Exchange Commission (SEC) filing, the stablecoin issuer made clear they are seeking to raise $624 million in its offering. Moreover, it is still facing continued talks of an acquisition, with both Coinbase and Ripple interested in buying the crypto firm. JUST IN: BlackRock to acquire 10% of $USDC issuer Circle IPO shares. — Watcher.Guru (@WatcherGuru) May 28, 2025 Also Read: Circle Launches IPO Eyeing $624M in Long-Awaited Listing BlackRock Buying 10% of USDC Stablecoin Issuer Circle IPO Shares Since the start of 2024, BlackRock has been a surprising constant in the cryptocurrency sector. It was among the initial issuers of the first batch of approv...