Circle Internet Group (CRCL) shares fell nearly 5% in after-hours trading Tuesday following news that the company plans to sell 10 million shares, just months after its stock surged 425% since going public.

The stablecoin issuer disclosed in an SEC filing that it will offer 2 million shares of Class A common stock directly, while existing shareholders will sell an additional 8 million shares.

Earlier in the day, Circle shares closed up 1.27% at $163.21, buoyed by stronger-than-expected second-quarter results. The company reported $658 million in total revenue, surpassing analyst estimates of $647 million. Continue reading Circle Shares Dip After Announcing 10 Million Share Sale Following Massive Post-IPO Rally →