USDC issuer Circle raises funds through a token presale, valuing its new ARC protocol at $3 billion amid strong stablecoin growth. Circle, the issuer of the USDC stablecoin, raised $222 million in a presale of its ARC token, valuing the project at $3 billion. The ARC token
Circle Internet Group (NYSE: $CRCL) has raised $222 million U.S. from the presale of Arc, the native token of its new blockchain. The Arc token is being presold as Circle looks to diversify beyond its core business of issuing USD Coin (CRYPTO: $USDC), its popular stablecoi
The firm now holds 4.31% of Ethereum’s total supply, with assets totaling $13.4 billion including BTC and cash. Bitmine Immersion Technologies reported its Ethereum holdings climbed to 5.2 million ETH, an increase of 26,659 tokens from its prior disclosure. The company’s t
MicroStrategy boosts bitcoin holdings by 535 BTC at $80,340 average price, funded by $42.9 million stock sale. MicroStrategy purchased 535 bitcoin for $43 million last week at an average price of $80,340 per coin. The move follows the company’s recent indication it could s
The gaming-focused blockchain will halt transactions for 10 hours to transition, aiming to improve security and reduce token inflation after a $625 million exploit. Ronin, the blockchain behind Axie Infinity, will transition from an independent sidechain to an Ethereum lay
The purchase raises total bitcoin holdings to 818,869 BTC with a $61.86 billion cost basis and 9.4% YTD yield. A strategy firm acquired 535 BTC for $43 million between May 4 and May 10, averaging $80,340 per bitcoin. The purchase increased its total holdings to 818,869 BTC
Michael Saylor states MicroStrategy will maintain net Bitcoin buying despite potential sales to cover $80-$90 million monthly dividends. MicroStrategy’s strategy involves purchasing 20 times more Bitcoin than it sells, backed by $3.2 billion raised via STRC preferred stock
Circle raised $222 million in a presale of the native token for Arc, its new public blockchain, valuing the network at $3 billion on a fully diluted basis, the company said Sunday. Andreessen Horowitz led the raise with a $75 million investment, according to CNBC Ot
BTC and ETH hit their highest opening prices since late January and April, respectively, before retreating amid Middle East tensions. Bitcoin opened at $82,164.43 on Monday, its strongest start since January 31, before slipping to $80,971.89 as of 7:16 a.m. ET. Ethereum fo
In brief - Digital asset investment products attracted $857.9 million last week, the largest single-week total since April 24, according to CoinShares. - Bitcoin led with $706.1 million, bringing its year-to-date total to $4.9 billion, while short-Bitcoin products posted their...