BTCC
/
BTCC Square
/
Coindesk
/
Circle’s Bold Gambit: Arc Layer-1 Blockchain Launch Overshadowed by Staggering $428M Q2 Loss
Circle’s Bold Gambit: Arc Layer-1 Blockchain Launch Overshadowed by Staggering $428M Q2 Loss
24
3
Circle just dropped a bombshell—and a balance sheet bloodbath.
The stablecoin giant unveiled Arc, its new Layer-1 blockchain play, while quietly slipping a $428 million quarterly loss into the fine print. Talk about burying the lede.
Building the future (while burning cash)
Arc promises to revolutionize cross-chain transactions, but Wall Street's already whispering about whether Circle's playing 4D chess or just writing checks it can't cash. Remember when 'crypto' and 'profitability' used to coexist?
The cynical take
Nothing says 'bullish on blockchain' like losing nine figures while launching infrastructure nobody asked for. At least the tech's flashy enough to distract from the financials—for now.
By:
