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The stock of a leading blockchain lender is soaring after billionaire Stanley Druckenmiller invested millions into the firm’s stock.
According to a recent 13F filing with the U.S. Securities and Exchange Commission (SEC) from Druckenmiller’s Duquesne Family Office LLC, the famed billionaire investor has poured $76,989,000 into Figure (FIGR), a leading blockchain based consumer lending platform.
FIGR, currently trading for $42.40, is up more than 14% in the last five days.
In the last five days, Figure has also shared its first earnings report as a public company. In an accompanying press release, Figure made $663 million off its September initial public offering (IPO). The offering consisted of 23,506,605 shares of Class A common stock offered by Figure and 7,993,395 shares of Class A common stock offered by certain of Figure’s existing stockholders.
According to Figure CEO Michael Tannenbaum,
“We recently completed our successful initial public offering and are pleased to report a strong first quarter as a public company.
The continued success of Figure’s marketplace approach to tokenized consumer loan origination drove significant growth in earnings, with Net Income increasing 227% year-over-year while also achieving an Adjusted EBITDA margin of 55%, underscoring the scalability of our blockchain-based model. Alongside margin expansion, we delivered solid performance across our key metrics, consumer loan marketplace volume, Adjusted Net Revenue, and growth across our blockchain ecosystem pillars, positioning Figure to finish 2025 with continued momentum.”
