Circle paid $210 million in stock to acquire Coinbase’s stake in Centre, IPO filing reveals

In its prospectus for an initial public offering, Circle said that in 2023, it acquired “the remaining outstanding 50% equity interest in Centre Consortium” from Coinbase for $210 million worth of shares.Coinbase said in August 2023 it had taken an “equity stake in Circle” as part of a new arrangement that led to the dissolution of the two companies’ stablecoin venture Centre Consortium, but no dollar amount was mentioned at the time.