Circle raises $222M in Arc token presale at $3B FDV from a16z crypto, BlackRock and others; Q1 revenue up 20%
The Block
Circle raised $222 million for its Arc blockchain at a $3 billion valuation while reporting a 20% year-over-year revenue increase for Q1 2026.Summary
Circle Internet Group has raised $222 million in a token presale for its new institutional Layer 1 blockchain, Arc, achieving a $3 billion fully diluted valuation. Led by a16z crypto with participation from major firms like BlackRock and Apollo Funds, the round marks a milestone for the company. Simultaneously, Circle reported a strong Q1 2026, with revenue rising 20% to $694 million and USDC circulation growing by 28%. The Arc blockchain is designed for institutional finance, utilizing USDC as its native gas token, as Circle aims to reduce its reliance on third-party infrastructure.
(Source：The Block)