Ark Invest purchased Circle shares for $30.5 million.

Ark Invest made a purchase of $30.5 million in Circle Internet (CRCL) shares on Wednesday. This transaction occurred after the stablecoin issuer's shares lost 12% of their value.

CRCL shares closed at $86.30 on Wednesday, marking the sharpest daily decline since June 27. This drop followed the release of the stablecoin issuer's third-quarter earnings report.

Investors heightened concerns regarding the revenues mentioned in the report, particularly the negative impacts on interest-earning assets. This is primarily due to the potential scenario of a U.S. Federal Reserve interest rate cut.