Circle CFO: No plans to introduce quarterly dividends at this time

Odaily News Circle CFO Jeremy Fox-Geen stated during tonight's earnings call, when asked about "whether there are plans to introduce quarterly dividends in the near term," that: "No, we do not have such a plan. 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 aim to maintain a strong balance sheet to ensure that we can continue investing in this opportunity regardless of market cycles, while also positioning ourselves to seize major opportunities when they arise. Therefore, we firmly believe that maintaining a robust balance sheet is the right approach, and we believe that investing capital in the platform will deliver higher returns to 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 buys back shares or pays dividends to shareholders at this stage."