Circle Raises $222M for Arc Token Presale at $3B Valuation

Circle raised $222 million in a presale for Arc, its new institutional blockchain token, at a $3 billion fully diluted valuation. Andreessen Horowitz led the round with $75 million, while BlackRock and Apollo Funds also participated. Circle published the Arc whitepaper Monday and outlined a 10 billion token initial supply.

ARC-1.51%
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