Chamath Palihapitiya Says Circle IPO Valued At $7 Billion Means It’s A ‘Genius’ Buy For Coinbase, Here’s Why
Posted On June 5, 2025
Tech investor Chamath Palihapitiya suggested Wednesday that Ripple Labs or Coinbase Global Inc. (NASDAQ:COIN) acquiring Circle Internet Financial would be a “genius” move, given the potential value of the stablecoin market.
What Happened: Palihapitiya stated in an X post that the Circle, issuer of the world’s second-largest stablecoin USD Coin (CRYPTO: USDC), could be a valuable acquisition for leading cryptocurrency companies.
He believed that Circle, which is 25x oversubscribed for its initial public offering and valued at around $7 billion, could be worth much more in the future. “If someone can buy it for even $12-13 billion, that’s a steal, imo, for what this business could be worth in 20 years,” Palihapitiya added.
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