Figure Technologies Shares Rise with Druckenmiller's Investment

Figure Technologies Stock Rises

Figure Technologies shares rose by about 15% after billionaire investor Stanley Druckenmiller announced a $77 million stock purchase. Investor interest has increased due to the company's offering of a low-cost home equity line of credit (HELOC) model and its use of artificial intelligence with blockchain to reduce costs.

Since its September IPO, the shares have gained a total of 44%, performing better than other cryptocurrency-related firms during a general market downturn.