Circle raises $222 million for its Arc blockchain token through a presale that values the offering at about $3 billion (often reported as fully diluted valuation). Multiple outlets say the round draws participation from well-known investors including BlackRock, Apollo, and Bullish, with a16z (Andreessen Horowitz) also cited as a leader of the presale.
The reports also frame the fundraising alongside Circle’s broader business performance. CoinTelegraph and The Block both cite Circle’s Q1 revenue of $694 million and report that Circle’s USDC stablecoin circulation rises to $77 billion. The same outlets note these figures as indicators of the company’s momentum heading into the token sale.
While the articles focus on the capital raised, the investors involved, and Circle’s valuation for Arc, they largely align on the core details: the presale amount ($222 million), the valuation level (about $3 billion), and the company’s reported Q1 revenue and USDC circulation at the time of the announcement.
