CryptoBullishThe Block · 4h ago7/10
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Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20%
Circle completed a $222M Arc token presale at a $3B fully diluted valuation, attracting major institutional investors including a16z Crypto, BlackRock, and Apollo. The raise coincides with strong Q1 performance, with Circle reporting $694M in quarterly revenue and USDC stablecoin reaching $77B in circulation.
