Circle CFO: No Plans to Introduce Quarterly Dividends for Now

Odaily Planet Daily News Circle CFO Jeremy Fox-Geen stated during tonight's earnings call, in response to a question about "whether there are plans to introduce quarterly dividends in the near term," that: "No, we do not have such plans. Allow me to provide some context. As the world evolves from traditional systems to a new type of internet-based financial services built on blockchain technology, we face a tremendous opportunity to become a leading internet platform company. As we have consistently emphasized, we want to maintain a strong balance sheet to ensure that we can continue to invest in this opportunity regardless of market cycles, while also positioning ourselves to seize major opportunities when they arise. Therefore, we firmly believe that retaining a strong balance sheet is the right approach, and we believe that investing funds in the platform will generate far greater returns for shareholders than paying quarterly dividends.

Jeremy Fox-Geen added: "Fundamentally, we are a growth stock with extremely high future market growth potential, rather than a capital-return stock that currently engages in share buybacks or dividend distributions to shareholders."