CIRCLE Stock Soars After Securing IBM Blockchain Patent Portfolio

Circle Internet Group's stock surged by 4.69% to $65.29 after acquiring IBM's blockchain patent portfolio, making it America's top blockchain patent holder.

The acquisition includes approximately 1,000 patents spanning finance and security, which will bolster Circle's USDC infrastructure and payment network expansion.

Circle and IBM are exploring future collaboration opportunities following the transaction.

Circle has become the largest U.S. blockchain patent holder after securing over 680 patent families representing close to 1,000 issued patents from IBM's portfolio.