On May 13, Circle raised $222 million in an Arc token presale at a $3 billion valuation, with support from BlackRock, Apollo, and a16z. The company reported a 20% revenue growth in Q1, with revenues reaching $694 million and USDC transactions soaring by 262% year-over-year. Circle's shares jumped over 4% in premarket trading following the release of a positive earnings report.
