Circle Internet Group CRCLCrypto
Circle raises $222.0 million in an ARC token presale
Filed May 11, 2026Original
An 8-K is the report a US listed company files within four business days of a material event.
What the company reported
- On May 8, 2026, Circle agreed to sell 740 million ARC tokens to institutional investors led by a16z crypto.
- The price is $0.30 per token, for estimated gross proceeds of about $222.0 million.
- Investors cannot sell the tokens for at least one year after the Arc network moves to proof-of-stake.
- Q1 2026 results were also released: total revenue and reserve income of $694 million and net income of $55 million.
Items reported
- 2.02 Results
- 8.01 Other events
- 9.01 Exhibits
The company's own filing, put into Korean. The numbers are the filing's.