Cathie Wood’s Ark Invest Buys Figma Stock Amid 20% Post-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 through 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 keeping with Ark’s previous technique of including to high-growth names during times of weak point, in line with 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 corporations 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 line with 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 mentioned.

Figma, which went public in July, reported income of $249.6 million for the quarter, up 41% from a 12 months earlier. Rising bills and thinner margins fueled doubts about its potential 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 via an ETF. CEO Dylan Discipline, nonetheless, maintained that Figma shouldn’t be a “Bitcoin holding firm,” and is as an alternative centered on design.

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

As a substitute, positioning with Bitcoin means that corporations 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 proper route with out turning Figma right into a crypto play.”