Circle's stock jumped from $31 to $299 in 17 days, pushing its market cap to $72 billion
The post Circle's stock jumped from $31 to $299 in 17 days, pushing its market cap to $72 billion appeared on BitcoinEthereumNews.com. Circle is bulldozing through Wall Street expectations, and the numbers are getting harder to ignore. The crypto company launched on the New York Stock Exchange just 17 days ago with shares priced at $31, raising $1.05 billion and putting its initial market cap around $6.8 billion. But that opening price didn’t last a full hour. On the first day, Circle stock opened at $69 and ended at $83.23, up 168% by market close. Then it blew past $107.50 within two days. By June 23, the share price hit $299, taking the company’s valuation to over $72 billion before falling back to $64 billion at the Bell. Circle’s IPO was so overloaded with demand that it was 25 times oversubscribed. That level of interest is almost unheard of in 2025, especially for a company tied so tightly to crypto. Investors didn’t just buy in — they chased the stock to a level that now has traditional finance guys like Jimmy Cramer calling it dangerous. On June 10, when the company’s valuation had hit $25 billion, Cramer warned, “Circle is too hot,” and said its crypto exposure made it riskier than people were admitting. The stock is now almost three times that size, and the heat isn’t cooling. Circle’s growth speed dwarfs fintech rivals What’s made Circle’s run so disruptive is how quickly it happened. Most crypto-linked IPOs crawl their way to these numbers. Coinbase got to $78 billion and Robinhood reached $68 billion, but it took both of them far longer. Circle bulldozed its way to $70 billion in just 17 days. It didn’t have to SPAC its way there or trickle up through gradual public hype. It jumped the fence, and now everyone’s looking around, asking what the hell just happened. The company’s surge has been compared to past IPOs,…
The post Circle's stock jumped from $31 to $299 in 17 days, pushing its market cap to $72 billion appeared on BitcoinEthereumNews.com.
Circle is bulldozing through Wall Street expectations, and the numbers are getting harder to ignore. The crypto company launched on the New York Stock Exchange just 17 days ago with shares priced at $31, raising $1.05 billion and putting its initial market cap around $6.8 billion. But that opening price didn’t last a full hour. On the first day, Circle stock opened at $69 and ended at $83.23, up 168% by market close. Then it blew past $107.50 within two days. By June 23, the share price hit $299, taking the company’s valuation to over $72 billion before falling back to $64 billion at the Bell. Circle’s IPO was so overloaded with demand that it was 25 times oversubscribed. That level of interest is almost unheard of in 2025, especially for a company tied so tightly to crypto. Investors didn’t just buy in — they chased the stock to a level that now has traditional finance guys like Jimmy Cramer calling it dangerous. On June 10, when the company’s valuation had hit $25 billion, Cramer warned, “Circle is too hot,” and said its crypto exposure made it riskier than people were admitting. The stock is now almost three times that size, and the heat isn’t cooling. Circle’s growth speed dwarfs fintech rivals What’s made Circle’s run so disruptive is how quickly it happened. Most crypto-linked IPOs crawl their way to these numbers. Coinbase got to $78 billion and Robinhood reached $68 billion, but it took both of them far longer. Circle bulldozed its way to $70 billion in just 17 days. It didn’t have to SPAC its way there or trickle up through gradual public hype. It jumped the fence, and now everyone’s looking around, asking what the hell just happened. The company’s surge has been compared to past IPOs,…
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