Druckenmiller’s $77M Bet on Figure Technologies Sparks 15% Stock Surge
Figure Technologies (FIGR) shares surged 15% after billionaire investor Stanley Druckenmiller disclosed a $77 million position through his Duquesne Capital Management. The 2.1 million-share stake represents 1.9% of his portfolio, signaling institutional confidence in blockchain-based lending platforms.
Analysts have raised price targets following the news, citing Figure's capital-efficient HELOC model and operational savings from AI/blockchain integration. The company recently launched YLDS, a yield-bearing stablecoin on Provenance blockchain, as part of its revenue diversification strategy.
Since its September IPO, Figure stock has outperformed crypto-linked peers with a 44% gain, demonstrating resilience during recent market turbulence. Druckenmiller's track record for identifying disruptive tech trends adds weight to this endorsement of blockchain financial infrastructure.
