Druckenmiller Boosts Figure Technologies Stake as FIGR Shares Jump

Shares of Figure Technologies (FIGR), the blockchain-driven lending platform founded by SoFi co-founder Mike Cagney, surged on Monday after billionaire investor Stanley Druckenmiller revealed a major new position in the company. FIGR stock climbed as much as 15%, reaching $46.46 before settling near $44.45, marking a 10% gain on the day and extending its rally to 44% since its Nasdaq debut in September. Its strong performance stands out as many crypto-linked companies that went public this year continue to trade below their IPO prices amid a sluggish digital asset market.

Druckenmiller’s Duquesne Capital disclosed in its latest 13F filing that the firm acquired more than 2.1 million FIGR shares during the third quarter. The stake, valued around $77 million, now represents roughly 1.9% of his portfolio. Known for spotting transformative technology trends early, Druckenmiller’s move signals strengthening institutional confidence in tech-forward financial platforms that merge blockchain and artificial intelligence to modernize consumer lending.

Major analysts have also turned more bullish on Figure. Research teams at Bank of America, Mizhou, and Piper Sandler recently lifted their price targets, citing the company’s transition toward a “capital-light” strategy focused on home equity lines of credit (HELOCs). In its third-quarter earnings report, Figure noted that its Figure Connect marketplace platform is expected to account for 60% of its loan volume, up from 46% in the prior quarter, reflecting rising demand from lending partners.

Mizhou analyst Dan Dolev highlighted the firm’s stablecoin ambitions as another competitive advantage. Figure recently introduced YLDS, a yield-generating stablecoin issued on its Provenance blockchain, intended to meet growing interest in digital dollars and help offset potential capital outflows from traditional banks.

With rising analyst confidence, expanding blockchain initiatives, and renewed institutional backing, Figure Technologies continues to gain traction as one of the most closely watched fintech innovators in the crypto-lending space.