Circle just printed $226M in Q3 2026 net income (up from $214M YoY)
But here's the alpha: $182M of their $207M "other revenue" came from the $ARC token presale
That's 88% of non-core revenue from a single token sale. Watch how this plays out when $ARC hits the market—liquidity event incoming or bag dump? Circle's stablecoin biz is solid but they're clearly diversifying hard into token plays
Keep eyes on $ARC unlock schedules
But here's the alpha: $182M of their $207M "other revenue" came from the $ARC token presale
That's 88% of non-core revenue from a single token sale. Watch how this plays out when $ARC hits the market—liquidity event incoming or bag dump? Circle's stablecoin biz is solid but they're clearly diversifying hard into token plays
Keep eyes on $ARC unlock schedules