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…

COINOTAG does not provide financial advisory services. This content is for informational purposes only and should not be considered investment advice. Cryptocurrency investments involve high risk.

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