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Circle Raises $222M in Arc Token Presale at $3B Valuation
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Decrypt Editorial(12:31 PM UTC)
1 min read
In brief
- Circle Internet Group has raised $222 million in a presale for Arc, its new institutional blockchain token.
- The raise values the Arc network at $3 billion on a fully diluted basis.
- Andreessen Horowitz led with $75 million; BlackRock and Apollo also participated.
USDC issuer Circle Internet Group has raised $222 million in a token presale for its stablecoin-focused blockchain Arc…
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