Druckenmiller Buys $77M Stake in Figure, Shares Jump on HELOC and Stablecoin Plans
Figure surged about 15% after Stanley Druckenmiller revealed a roughly $77 million position in the blockchain lender, a move that led several analysts to lift price targets. Investors cited renewed confidence in Figure’s capital-light home equity line of credit (HELOC) model and its efforts to build a stablecoin product as the core catalysts behind the rally. The disclosure provided a high-profile endorsement for a company that has pivoted to blockchain-native credit infrastructure.
The stake is notable because Druckenmiller’s endorsement may ease funding concerns and give Figure more runway as it scales lending and payments features tied to its token strategy. That said, analysts caution execution and regulatory risk remain meaningful — stablecoin launches and crypto-linked lending face heightened scrutiny. Still, the market reaction signals stronger investor appetite for fintech firms that pair asset-light credit models with crypto rails if growth and compliance milestones are met.