Key Takeaways CRCL's other revenues jumped to $29M in Q3 from under $1M a year earlier as non-interest revenues scaled.CRCL's subscription and services revenues reached $23.6M, driven by blockchain partnerships.CRCL raised its 2025 other revenue guidance to $90-$100M, signaling better visibility into recurring fees.Circle Internet Group (CRCL) is making visible progress in reducing its dependence on interest-rate–driven reserve income as non-interest revenues scale rapidly. Other revenues surged to $29 mill ...

Core Insights - Ark Invest, led by Cathie Wood, has invested over $30 million in Circle (CRCL), acquiring 353,328 shares across three ETFs, bringing its total holdings to nearly 3 million shares valued at approximately $255 million [1][2] Group 1: Circle's Share Performance - Circle's share price has experienced a significant decline, dropping over 20% in the last 5 trading days and 37% over the past month, currently trading at $86.21 [2] - The shares initially surged from an IPO price of $31 to nearly $300, but have now returned to levels not seen since the IPO [3] Group 2: Financial Performance - Circle reported Q3 revenue of $740 million, a 66% year-over-year increase, surpassing analyst expectations [4] - The company has launched a testnet for its Arc blockchain network and hinted at a potential native token in its Q3 report [4] Group 3: Investment Strategy - Ark Invest's recent purchase of Circle shares mirrors its previous strategy of buying into declining stocks, as seen with BitMine Immersion Technologies, where it invested around $9 million despite a 30% drop in share price [4] - Ark Invest maintains exposure to other crypto-related equities, including Robinhood and Coinbase, and operates its own Bitcoin ETF [5] Group 4: Market Predictions - Bitcoin has seen a slight decline of around 0.6% in the last 24 hours, currently trading at $101,128, with market predictions suggesting a 62% chance of reaching $115,000 before potentially dropping to $85,000 [6]