News Summary

• Stablecoin issuer Circle raised $222 million in a presale of its Arc token.
• Strategy recorded a $12.54 billion unrealized loss in Q1 as Bitcoin fell 23% from $87,500 to $67,700.
• Strategy also disclosed Monday it resumed buying, picking up 535 BTC for $43 million at an average of $80,340 last week.
• Kraken is raising new capital at a $20 billion valuation as it accelerates its acquisition and infrastructure buildout ahead of a planned IPO.