Circle closes $222M ARC presale valuing Arc Layer-1 at $3B fully diluted

On May 12, 2026, Circle Internet Group disclosed it had completed a $222 million presale for its Arc (ARC) blockchain token, implying a $3 billion fully diluted valuation for the stablecoin-native Layer 1 network. Circle said it sold 740 million ARC at $0.30 each and reported Q1 2026 results including $694 million revenue and $151 million adjusted EBITDA, while targeting a mainnet beta in summer 2026.