Circle Internet Group Inc. (NYSE:CRCL) has raised $222 million for its new institutional blockchain Arc at a $3 billion valuation as shares jumped 2.5% in premarket trading.

The First Public Company Token Presale

a16z crypto led the round with a $75 million commitment, according to CNBC. 

Meanwhile, Circle becomes the first publicly listed company to conduct a token presale.

Arc is a public blockchain built for institutional finance, using USDC as its native gas token with sub-second finality and EVM compatibility.

Q1 Revenue Up 20%, Net Income Down 15%

Circle reported Q1 2026 results alongside the Arc announcement. Total revenue and reserve income reached $694 million, up 20% year-over-year,…

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