Circle Internet Financial Announces $222M Investment from BlackRock, Others
On May 11, Circle Internet Group (CRCL) announced a $222 million investment in its new blockchain Arc by major investors including BlackRock (BLK), Bullish (BLSH), and ARK Invest. The funding is part of a presale at a fully diluted valuation of $3 billion for the institutional Layer 1 blockchain, which uses USDC as its native token.
Tickers: $ARKK $BLK $BLSH $CRCL $ICE
Topics: blockchain crypto investment stablecoin stock_movement