Trending Now - Circle Secures $222M in Arc Token Presale, Valued at $3B
WHO:
Cointelegraph - Circle Internet Group is the organization that raised funds.
Techmeme - a16z crypto led the presale with a $75 million investment, with participation from BlackRock and others.
WHAT:
Circle Internet Financial - Circle's Q1 2026 USDC on-chain transaction volume was $21.5 trillion, representing a 263% growth year-over-year.
Circle Internet Financial - Circle's net income from continuing operations in Q1 2026 was $55 million, a decrease of 15% year-over-year.
Circle Internet Financial - Circle's adjusted EBITDA for Q1 2026 was $151 million, reflecting a 24% increase year-over-year.
Circle Internet Financial - Circle's reserve income for Q1 2026 was $653 million, an increase of 17% year-over-year.
Circle Internet Financial - Circle's total distribution, transaction, and other costs for Q1 2026 were $407 million, up 17% year-over-year.
Circle Internet Financial - Circle's operating expenses for Q1 2026 were $242 million, an increase of 76% year-over-year.
Cointelegraph - Circle raised $222 million in an ARC token presale.
Techmeme - The presale valued the Arc token at $3 billion.
Cointelegraph - Circle's Q1 revenue hit $694 million.
Cointelegraph - USDC circulation climbed to $77 billion.
WHERE:
Cointelegraph - The presale is associated with Circle, which is a USDC issuer.
WHEN:
Techmeme - The presale of the Arc token occurred recently, with no specific date provided.
WHY:
Techmeme - The presale is part of Circle's strategy to launch its new blockchain.
HOW:
Circle Internet Financial - Circle published the ARC Token whitepaper, outlining its governance, security, and network operations support for the Arc network.
Techmeme - The presale was conducted with significant investment from a16z and participation from other major investors like BlackRock.
(UPDATED May 11, 2026 17:42 UTC)
Circle Internet Financial reported an impressive $21.5 trillion in USDC on-chain transaction volume for the first quarter of 2026, marking a remarkable 263% growth compared to the previous year. However, the company also saw a decrease in net income from continuing operations, which stood at $55 million, down 15% year-over-year, while adjusted EBITDA rose to $151 million, reflecting a 24% increase. Additionally, Circle published the ARC Token whitepaper, detailing its governance, security, and support for the Arc network.
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(UPDATED May 11, 2026 15:57 UTC)
Circle Internet Group has successfully raised $222 million in a presale for its new Arc token, which is valued at $3 billion. The presale saw significant backing from a16z crypto, which led the investment with $75 million, along with participation from major players like BlackRock. In addition to this fundraising effort, Circle reported a Q1 revenue of $694 million and noted that USDC circulation has climbed to $77 billion.