Figure (FIGR) Stock: Druckenmiller’s $77M Investment Drives Stock Surge

TLDR

• Figure Technologies (FIGR) stock jumped 15% after billionaire Stanley Druckenmiller disclosed a $77 million stake representing 2.1 million shares
• Druckenmiller’s investment accounts for 1.9% of his Duquesne Capital portfolio, marking institutional interest in blockchain-based lending platforms
• Multiple analysts raised price targets for Figure, highlighting the company’s capital-light HELOC model and cost-cutting through AI and blockchain
• Figure launched YLDS, a yield-bearing stablecoin on the Provenance blockchain, as a new revenue strategy
• The stock is up 44% since its September IPO, outperforming other crypto-linked companies during recent market weakness

Figure Technologies stock rose as much as 15% on Monday following the disclosure of a major investment from billionaire Stanley Druckenmiller. The blockchain-focused lending platform saw shares climb to $46.46 before settling at $44.45, representing a 10% gain for the day.

Figure Technology Solutions, Inc. Class A Common Stock, FIGR

Druckenmiller’s Duquesne Capital Management revealed in a Friday 13F filing that it purchased over 2.1 million shares of Figure during the third quarter. The position is now valued at approximately $77 million and makes up 1.9% of his total portfolio.

The legendary investor has built a reputation for identifying disruptive technology trends early. His move into Figure suggests growing institutional confidence in companies that combine blockchain technology with artificial intelligence for consumer lending operations.

Figure Technologies went public on the Nasdaq in September. Since its debut, the stock has gained 44% while other crypto-linked firms that launched IPOs this year are trading below their initial offering prices.

The company was founded by Mike Cagney, who previously co-founded SoFi. Figure operates a blockchain-based lending platform that focuses on home equity lines of credit.

Analyst Upgrades and New Price Targets

Several Wall Street analysts recently raised their price targets for Figure. Bank of America, Mizuho, and Piper Sandler all issued updated ratings following the company’s third-quarter earnings report.

The analysts pointed to Figure’s transition to a capital-light business model. This approach focuses on originating loans through the Figure Connect platform rather than holding them on the company’s balance sheet.

In its third-quarter results, Figure reported that its Figure Connect platform now drives 60% of total loan volume. This marks an increase from 46% in the previous quarter.

The capital-light model allows Figure to generate fee income from loan origination without tying up capital. This strategy reduces risk and improves return on equity for shareholders.

Stablecoin Launch on Provenance Blockchain

Mizuho analyst Dan Dolev highlighted Figure’s recent stablecoin launch as a key differentiator. The company introduced YLDS, a yield-bearing stablecoin built on its Provenance blockchain network.

The stablecoin strategy targets potential outflows from traditional banking institutions into digital dollars. YLDS offers holders a return on their deposits while maintaining the stability of dollar-pegged assets.

Figure uses AI and blockchain technology to reduce operational costs in its lending business. The automation cuts down on manual processes required for loan underwriting and servicing.

The company’s performance stands out during a period of weakness for crypto-related stocks. Broader crypto markets have remained under pressure in recent months, dragging down valuations across the sector.

Druckenmiller’s filing showed the Figure position was a new addition to his portfolio during the third quarter. His firm had no previous holdings in the company before this purchase.

The stock closed Monday’s trading session with strong volume as investors processed news of the institutional investment.

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