via Cointelegraph · By Cointelegraph Staff
Circle Raises $222M ARC Token Presale Led by a16z
ARC/USDT
$4,340,340.36
$0.08987 / $0.08092
Change: $0.008950 (11.06%)
+0.0082%
Longs pay
Circle Internet Group agreed to sell 740 million ARC tokens for $222 million in a private placement led by a16z crypto, valuing the Arc blockchain network at $3 billion on a fully diluted basis.
The New York Stock Exchange-listed issuer of the USDC stablecoin disclosed the token presale Monday alongside its first-quarter 2026 results, which showed higher revenue and reserve income but lower net…
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