Figure Technologies Shares Soar with Druckenmiller's Investment

Figure Technologies Stock on the Rise

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

Since the September IPO, shares have gained a total of 44% in value, outperforming other crypto-related companies during a general market downturn.