Circle Closes $222M Arc Token Presale at $3B Valuation, Led by BlackRock and Apollo
Circle closed a $222 million funding round for its Arc token presale, valuing the blockchain infrastructure company at $3 billion. The round was led by major institutional investors including BlackRock and Apollo, signaling strong institutional appetite for digital-asset platforms.
The raise demonstrates continued investor confidence in blockchain infrastructure despite market volatility, with Circle targeting enterprises building on its USDC stablecoin and payment rails.