"According to the IPO application, Circle holds more $SEI tokens than any other tokens on its balance sheet."
But I feel this is a bit misleading; Circle's allocation costs for SEI and SUI are the same, so the quantity doesn't really indicate much.
Congratulations on the incredibly successful IPO of one of the biggest investors in $SEI, Circle, which hit a market high of $59B today on the heels of Senate approval of the GENIUS act for stablecoins.
Stablecoin issuers like Circle are starting to recognize Sei technology as a driver for their next stage of growth.
Circle holds more $SEI tokens than any other token on its balance sheet according to its IPO filing.
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