Cryptocurrency Q&A
What happened to Circle Bitcoin?
What happened to Circle Bitcoin?
ShintoMystical
Sun Nov 03 2024
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6 answers
1113
I heard about Circle Bitcoin some time ago and was wondering what has happened to it recently. Have there been any updates or changes to its status?
6 answers
Margherita
Mon Nov 04 2024
Circle initially intended to pursue a public listing through a merger with Concord Acquisition Corp., a special purpose acquisition company (SPAC).
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Tommaso
Mon Nov 04 2024
The termination occurred in December 2022.
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CryptoVisionary
Mon Nov 04 2024
This decision came shortly after the crypto exchange FTX filed for bankruptcy.
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FireflySoul
Mon Nov 04 2024
This deal was expected to value Circle at approximately $9 billion.
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EthereumEmpire
Mon Nov 04 2024
However, the SPAC market experienced a significant downturn in 2022.
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