ARCA chief investment officer Jeff Dorman said the Digital Investment Company sold all shares of its circle following the recent Stablecoin Company list at the New York Stock Exchange.
Update update a Open the open letter Dorman published on social media on June 5, criticizing the circle for providing the investment firm of a “disposal” allocation to The initial offer to the circle public (Ipo).
According to Dorman, the ARCA submitted an order for $ 10 million in circle sharing in April 2025 and received only a $ 135,000 allocation despite being a long -term supporter and one of the earliest investors to submit a bid. The executive wrote in a teldang letter now:
“We have been with you separately two months ago indicating our order, and you thank us for support. If you go to f (***) Finally, the least you can do is tell us two months ago
“The ARCA closes all of our Circle accounts and tells every single entrepreneur we work for we will no longer accept the USDC,” Dorman continued.
Cointelegraph handed it to the circle to comment on the letter but did not receive a response at the time of publication.
The public list of Circle is a significant development in the crypto industry as provided Second largest stablecoin in the worldCircle-USD (USDC), with a total market capitalization of over $ 61 billion, now has access to the deepest capital market in the world.
Related: Blackrock’s eyes 10% stake on Circle’s IPO – Report
Nyse circle lists in the frenzy trade
Circle started trading with NYSE On June 5 under the Ticker CRCl, following an IPO Raised $ 1.05 billion.
The sharing of the company Surged by 167% In its debut, close the trading day at $ 82.
The stock proceeded to the rally on June 6 and currently traded hands around $ 115 per part during intraday.
