BlackRock Bets on Circle as $222 Million Arc Raise Ignites CRCL Stock Surge
BeInCrypto
Circle raised $222 million for its new Arc blockchain, driving a stock price surge as investors embrace its institutional infrastructure strategy.Summary
Circle Internet Group has successfully raised $222 million in a token presale for its upcoming Arc blockchain, valuing the network at $3 billion. The round, which included major backers like BlackRock and Andreessen Horowitz, aims to position Arc as an institutional-grade "operating system" for finance, moving Circle beyond its core USDC stablecoin business. Following the news, CRCL stock saw a significant increase in premarket trading as markets reacted positively to the company's pivot toward integrated blockchain infrastructure, AI-driven transaction tools, and diversified revenue streams.
(Source：BeInCrypto)