On June 10, SBI Holdings and SBI Shinsei Bank announced a joint $50 million investment in Circle, with each contributing $25 million. This investment follows Circle's $1.1 billion IPO and aims to boost USDC adoption in Japan. SBI Holdings highlighted strong institutional demand for this investment, claiming to have acquired one of the largest allocations of Circle shares. Circle's stock surged by 277% since its IPO, now valued at over $117.