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Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20%

The Block·
Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20%
AI Analysis

Circle successfully raised $222 million in an Arc token presale, achieving a $3 billion valuation with investments from major firms like BlackRock and a16z. The company's Q1 revenue increased by 20%, reaching $694 million, while USDC's market cap rose to $77 billion.

Key Topics

CircleBlackRocka16zUSDC

Originally reported by The Block. Read the full article ↗

Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20% | AI Crypto Daily Wire