Circle Raises $222M in ARC Presale, Values Arc at $3B

TLDR Circle raised $222 million by selling 740 million ARC tokens in a private placement. The ARC token sale valued the Arc blockchain network at $3 billion on a fully diluted basis. Circle priced each ARC token at $0.30 under an exemption from the US Securities Act of 1933. The funding round was led by [...]

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