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Analysts cited Figure’s displacement to ‘capital-light’ exemplary and stablecoin motorboat connected the Provenance blockchain.
Nov 17, 2025, 5:39 p.m.
Shares of Figure Technologies (FIGR), a blockchain-focused lending level founded by SoFi co-founder Mike Cagney, surged arsenic overmuch arsenic 15% connected Monday aft billionaire capitalist Stanley Druckenmiller disclosed a sizable caller involvement successful the company.
The banal roseate to arsenic precocious arsenic $46.46 and was precocious up 10% astatine $44.45. It has gained 44% since its Nasdaq debut successful September astatine a clip erstwhile different crypto-linked firms that went nationalist this twelvemonth are trading beneath their offering prices. Crypto markets person remained brushed successful caller months, dragging down valuations crossed the sector.
According to Duquesne Capital’s latest 13F filing connected Friday, laminitis Druckenmiller added implicit 2.1 cardinal shares of Figure during the 3rd quarter, a presumption present worthy astir $77 cardinal and accounting for 1.9% of his portfolio.
Druckenmiller, a longtime hedge money titan, is known for picking disruptive tech and macro trends early. His introduction into Figure signals increasing organization involvement successful fiscal platforms that blend blockchain and AI to streamline user lending.
Analysts astatine Bank of America, Mizhou and Piper Sandler precocious raised their terms targets for the company, highlighting its displacement to a “capital-light” lending exemplary centered astir location equity lines of recognition (HELOCs).
In its third-quarter net report, Figure said it present expects its Figure Connect level to thrust 60% of indebtedness volume, up from 46% the erstwhile quarter.
Mizhou expert Dan Dolev besides pointed to the company’s caller stablecoin strategy arsenic a differentiator. Figure precocious launched YLDS, a yield-bearing stablecoin connected its Provenance blockchain, designed to code a imaginable outflow of superior from accepted banks into integer dollars.
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