Cathie Wooden's Ark Make investments Buys Figma Inventory Amid 20% Submit-Earnings Drop – Decrypt

Ark Make investments, the New York-based funding agency led by Cathie Wooden, has added greater than 100,000 shares of Figma to its ARKW ETF, following a virtually 20% drop within the inventory after the corporate’s first earnings report since going public.

The disclosure got here by way of the favored Ark Make investments Tracker X account however has not but been independently confirmed by ARK’s public filings. Decrypt reached out to Ark Make investments for remark, however didn’t instantly obtain a response.

The inventory buy is in line with Ark’s previous technique of including to high-growth names in periods of weak point, in response to Dan Dadybayo, analysis and technique lead at Unstoppable Pockets, a non-custodial, open-source crypto pockets.

The acquisition is “a textbook Cathie Wooden transfer: leaning into volatility and backing firms she sees as long-term disruptors,” Dadybayo advised Decrypt.

In July 2025, the agency purchased about 143,000 Tesla shares after an earnings selloff, whereas trimming roughly 34,000 Coinbase and 68,000 Roku shares as sentiment shifted, in response to a report from monetary analytics agency Barchart.

Regardless of the slide in shares and selloff, ARK seems to be “signaling conviction that Figma’s collaborative design moat, product momentum, and excessive margins outweigh short-term execution dangers,” he added.

Such a stance might “reframe the drawdown as an overreaction” and “entice different growth-focused buyers who share a long-term horizon,” Dadybayo stated.

Figma, which went public in July, reported income of $249.6 million for the quarter, up 41% from a yr earlier. Rising bills and thinner margins fueled doubts about its capability to maintain early momentum, sending shares down practically 20% to $54.56. 

The corporate forecast adjusted working revenue of $90–100 million, steerage that erased a lot of the inventory’s post-IPO premium.

The corporate additionally disclosed round $90 million in Bitcoin held by an ETF. CEO Dylan Discipline, nonetheless, maintained that Figma shouldn’t be a “Bitcoin holding firm,” and is as a substitute centered on design.

Whereas Figma’s Bitcoin stash represents roughly 6% of its treasury, the maintain doesn’t “essentially change its threat profile,” Dadybayo stated.

As a substitute, positioning with Bitcoin means that firms placing the digital asset on their stability sheets are “recognizing macro traits,” he defined.

“It’s sentiment-driven: when the founding father of a significant design firm holds Bitcoin, it suggests he’s positioning in the fitting path with out turning Figma right into a crypto play.”