Ark Invest Capitalizes on Figma’s Post-Earnings Dip with Strategic ETF Purchase

Cathie Wood's Ark Invest made a characteristically bold MOVE by acquiring over 100,000 shares of Figma for its ARKW ETF following a 20% stock plunge. The design platform's shares tumbled to $54.56 after its debut quarterly earnings report as a public company.

While the transaction appears in Ark Invest Tracker data, official filings have yet to confirm the purchase. The firm maintains its reputation for doubling down on disruptive tech during volatility—a strategy exemplified by previous Tesla buys during selloffs and timely trims of Coinbase and Roku positions.

"This is vintage Cathie Wood," observes Dan Dadybayo of Unstoppable Wallet. "She consistently backs long-term innovators when short-term sentiment turns negative." The purchase reinforces Ark's thesis of betting on high-growth potential amid market turbulence.