{"id":72372,"date":"2026-05-11T21:37:42","date_gmt":"2026-05-11T21:37:42","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/circle-internet-group-gains-16-as-arc-blockchain-raise-draws-blackrock-and-apollo\/"},"modified":"2026-05-11T21:37:42","modified_gmt":"2026-05-11T21:37:42","slug":"circle-internet-group-gains-16-as-arc-blockchain-raise-draws-blackrock-and-apollo","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/circle-internet-group-gains-16-as-arc-blockchain-raise-draws-blackrock-and-apollo\/","title":{"rendered":"Circle Internet Group Gains 16% as Arc Blockchain Raise Draws Blackrock and Apollo"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Circle shares closed up 16% on May 11, 2026, pushing CRCL\u2019s year-to-date gains to roughly 68%.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Blackrock, A16z, and Apollo backed Circle\u2019s $222M Arc token presale at a $3B fully diluted valuation.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">USDC onchain transaction volume hit $21.5 trillion in Q1 2026, up 263% year-over-year.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Circle Investors Push CRCL up 16%<\/h2>\n<p>Shares of <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-CRCL\/\" target=\"_blank\" rel=\"noopener noreferrer\">CRCL<\/a> traded between $129 and $134 on heavy <span>volume<\/span>, touching intraday highs near 19% before settling into the close. The session pushed Circle\u2019s 2026 year-to-date gain to approximately 68%. The move came on the same day the company reported first-quarter 2026 earnings, which delivered a mixed picture on revenue but showed record adoption numbers for USDC, its dollar-pegged <a href=\"https:\/\/news.bitcoin.com\/stablecoin-market-adds-2-billion-in-7-days-as-usdt-holds-near-190-billion\/\">stablecoin<\/a>.<\/p>\n<p>Circle <a href=\"https:\/\/news.bitcoin.com\/circle-q1-revenue-rises-as-usdc-transaction-volume-jumps-263\/\">reported<\/a> total revenue and reserve income of $694 million for Q1, up 20% year-over-year but short of some Street estimates near $715 million. Net income from continuing operations came in at $55 million, down 15% from the prior-year period, pressured by higher post-IPO stock-based compensation and growth spending. Adjusted EBITDA climbed roughly 24%.<\/p>\n<p>The numbers investors focused on were the USDC metrics. USDC in circulation reached $77.0 billion at quarter-end, a 28% increase year-over-year. Onchain transaction <span>volume<\/span> processed through <a href=\"https:\/\/news.bitcoin.com\/coinbase-gives-amazon-bedrock-agents-wallet-tools-with-usdc-settlement\/\">USDC<\/a> hit $21.5 trillion for the quarter, up 263% from Q1 2025. That figure spans payments, <a href=\"https:\/\/news.bitcoin.com\/unlocking-the-future-your-fun-guide-to-decentralized-finance-and-web3\/\">decentralized finance (DeFi)<\/a>, and tokenized assets, and it showed the network handling real transaction load well beyond what the revenue line reflected.<\/p>\n<p><\/p>\n<p>CEO <a href=\"https:\/\/news.bitcoin.com\/circle-ceo-jeremy-allaire-at-davos-tokenization-panel-its-coming-on-in-a-significant-way\/\">Jeremy Allaire<\/a> addressed analysts on a conference call at 8:00 a.m. ET, describing the quarter as part of a broad platform shift in the financial industry. He emphasized that USDC\u2019s growth operates independently of <span>crypto<\/span> price cycles, citing <span>stablecoin<\/span> infrastructure scaling and positioning in payments and tokenization as the core story.<\/p>\n<p>The earnings release ran alongside an announcement that Circle <a href=\"https:\/\/news.bitcoin.com\/circle-pulls-222-million-from-blackrock-and-a16z-to-launch-arc-blockchain-at-3b-valuation\/\">raised<\/a> $222 million in a pre-launch <span>token sale<\/span> for Arc, valuing the project at a $3 billion fully diluted valuation. Arc is an L1 <span>blockchain<\/span> designed for payments, tokenization, and what Circle calls an \u201cAgent Stack\u201d for <a href=\"https:\/\/news.bitcoin.com\/study-generative-ai-could-add-trillions-to-global-economy\/\">AI<\/a> and <span>blockchain<\/span> convergence. The raise made Circle the first public company to execute a pre-launch <span>token sale<\/span>.<\/p>\n<p>Investors in the Arc raise include A16z, Blackrock, Apollo, Ark Invest, and Intercontinental Exchange (ICE). The involvement of those names shifted the conversation from a quarterly earnings beat-or-miss to a longer-term infrastructure play. Traders cited the Arc announcement as the primary catalyst for the afternoon acceleration, with the stock gapping up pre-market, dipping on the mixed financials, then climbing sharply as the raise details circulated.<\/p>\n<p>Circle investors do not appear worried about the <a href=\"https:\/\/news.bitcoin.com\/icba-warns-kraken-occ-charter-bid-threatens-us-bank-deposits-and-financial-stability\/\">ongoing dispute<\/a> between traditional bankers and <span>stablecoin<\/span> issuers and exchanges over the <a href=\"https:\/\/news.bitcoin.com\/clarity-act-markup-raises-stakes-in-stablecoin-banking-clash\/\">CLARITY Act<\/a>, the bipartisan <span>stablecoin<\/span> regulatory framework advancing through Congress in early May. Retail sentiment on platforms like Stocktwits registered as extremely <a href=\"http:\/\/www.bitcoin.com\/get-started\/bull-market-vs-bear-market\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bullish<\/a> on the session, with CRCL frequently mentioned alongside other crypto-linked names.<\/p>\n<p>Other <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> equities also moved higher on Monday as well. Coinbase Global (Nasdaq: <a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-COIN\/\" target=\"_blank\" rel=\"noopener noreferrer\">COIN<\/a>) rose 7.68% intraday, trading around $216.60 with strong <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a>. <a href=\"https:\/\/news.bitcoin.com\/strategy-adds-535-btc-for-43m-saylor-pushes-total-holdings-to-818869-bitcoin\/\">Strategy<\/a> (Nasdaq: <a href=\"https:\/\/www.tradingview.com\/symbols\/NASDAQ-MSTR\/\" target=\"_blank\" rel=\"noopener noreferrer\">MSTR<\/a>) gained roughly 4.5%, trading over $195. Bitgo (NYSE: <a href=\"https:\/\/www.tradingview.com\/symbols\/NYSE-BTGO\/\" target=\"_blank\" rel=\"noopener noreferrer\">BTGO<\/a>), which went public in January 2026, climbed approximately 3.8%, trading around $12.97 per share.<\/p>\n<p>Broader U.S. equity markets closed in positive territory. The Dow Jones Industrial Average added 95.31 points to finish at 49,704.47. The S&amp;P 500 gained 13.91 points to close at 7,412.84, an all-time high. The Nasdaq Composite climbed 27.05 points to 26,274.12, and the NYSE Composite added 23.38 points to close at 22,965.53.<\/p>\n<p>Analysts watching CRCL noted that short-term <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-volatility\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volatility<\/a> remains elevated for crypto-adjacent names, as gap-and-fill patterns are common. Several have flagged $150 as an upside target if USDC adoption trends hold and the Arc project gains traction in the months ahead.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/circle-internet-group-gains-16-as-arc-blockchain-raise-draws-blackrock-and-apollo\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Circle shares closed up 16% on May 11, 2026, pushing CRCL\u2019s year-to-date gains to roughly 68%. Blackrock, A16z, and Apollo backed Circle\u2019s $222M Arc token presale at a $3B fully diluted valuation. USDC onchain transaction volume hit $21.5 trillion in Q1 2026, up 263% year-over-year. Circle [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":72373,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72372"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=72372"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/72372\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/72373"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=72372"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=72372"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=72372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}