Billionaire Druckenmiller buys $76M of sinking crypto stock

Figure, the blockchain-based user lending level is backmost successful the spotlight aft billionaire capitalist Stanley Druckenmiller disclosed a large caller presumption successful the company.

For the uninitated, Figure operates a marketplace for tokenized user indebtedness origination, utilizing blockchain rails to package, verify and settee loans acold much efficiently than accepted lenders.

The steadfast went nationalist successful September and has pitched itself arsenic the archetypal large-scale user lending level built natively connected blockchain infrastructure.

Related: Cathie Wood sells $100M of surging tech stocks to bargain shocking stock

A caller 13F filing with the U.S. Securities and Exchange Commission shows that Druckenmiller’s Duquesne Family Office purchased $76,989,000 worthy of Figure (FIGR).

While Druckenmiller did not remark publically connected the position, his concern marks 1 of the largest aboriginal organization bets connected a blockchain-native user lending company.

Figure went nationalist successful September 2025 astatine $25 per share, closing its debut time up 24% astatine $31.11 and reaching a $6.6 cardinal marketplace cap.

Stanley Druckenmiller is 1 of Wall Street’s astir legendary hedge money managers, champion known for moving Duquesne Capital with three decades of uninterrupted profits. He famously partnered with George Soros astatine the Quantum Fund, wherever helium helped execute the historical 1992 “Black Wednesday” commercialized that broke the Bank of England.

Today, Druckenmiller manages his household bureau and is wide regarded arsenic 1 of the top macro investors of each time, with a agelong grounds of high-conviction bets crossed equities, currencies and emerging technologies.

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The institution besides released its archetypal quarterly results past week, its archetypal arsenic a nationalist institution pursuing a September IPO that raised $663 million from 23.5 cardinal recently issued Class A shares and an further 8 cardinal shares sold by existing holders.

In its Q3 2025 earnings, Figure delivered:

• $156.4 cardinal revenue, up 55% year-over-year, crushing Wall Street’s $119.5M estimation

• Adjusted EBITDA of $86.4 million, a 55.4% borderline

• 227% year-over-year Net Income growth, per its earlier net commentary

• A surge successful speech revenue, with ecosystem and exertion fees rising astir 5× to $35.7 cardinal

• 70% maturation successful user indebtedness marketplace volume, reaching $2.47 cardinal successful Q3

Figure CEO Michael Tannenbaum said Figure’s marketplace exemplary continues to scale: