coindesk
Figure Stock Jumps as Druckenmiller Invests $77M, Analysts Raise Price Targets
TL;DR
Figure's stock price surged after investor Stanley Druckenmiller invested $77 million in the company, with analysts attributing the rise to Figure's move towards a 'capital-light' model and the launch of a stablecoin on the Provenance blockchain.
Summary
Figure's stock price surged after investor Stanley Druckenmiller invested $77 million in the company, with analysts attributing the rise to Figure's move towards a 'capital-light' model and the launch of a stablecoin on the Provenance blockchain.
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