Circle Q3 Revenue Rises 17% to $865M on ARC Token Sale as Reserve Income Falls
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Circle’s third-quarter revenue rose 17% to $865 million, helped by its $222 million ARC token presale, even as income from reserve holdings declined. ARC buyers hold repayment rights if the Arc network has not transitioned to proof-of-stake by May 2028, according to a May filing. The results matter because they show Circle diversifying beyond reserve income tied to interest rates, which fell during the quarter. Investors will watch whether Arc meets its proof-of-stake deadline and how quickly token-sale proceeds translate into recurring revenue.
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Named in this story
Circle (CRCL), ARC, Arc
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