On June 29 and 30, 2026, Circle Internet Group, Inc. entered into token purchase agreements to sell 67.5 million ARC tokens to institutional investors via a private placement. The tokens were sold at $0.30 per token, generating approximately $20.25 million in gross proceeds and implying a fully diluted network valuation of $3 billion. Investors are subject to a lock-up period of at least one year following the Arc network's transition to a Proof-of-Stake or delegated Proof-of-Stake consensus mechanism, with some restrictions lasting up to four years. Repayment rights exist if tokens are not delivered or the network transition is not completed by May 8, 2028. The company operates in the financial technology industry and manages the Arc blockchain network.
