Ark Invest, the New York‑based investment management firm led by Cathie Wood, has added more than 100,000 shares of Figma to its ARKW fund, following a sharp share price drop after the company’s first earnings release as a public company.
Context for disclosure and trading
The widely followed Ark Invest Tracker X account was the first to report the news, but Ark's official SEC filings have not yet confirmed it. Figma's stock price fell by almost 20% to $54.56 after the company released its earnings report.
Here's every move Cathie Wood and Ark Invest made in the stock market today 9/4 pic.twitter.com/QPtEPvwdQC
— Ark Invest Tracker (@ArkkDaily) September 5, 2025
Ark has a history of buying more shares in high-growth companies when the market goes down. According to data from financial analytics firm Barchart, the company bought about 143,000 Tesla shares in July 2025, when the stock price fell after earnings were released. It also sold some of its Coinbase and Roku shares.
Looking ahead to strategy
Analysts said that Wood's purchase was typical of his investing style, which involved taking risks and supporting companies that were seen as long-term disruptors.
Dan Dadybayo, who is in charge of research and strategy at Unstoppable Wallet, says that the move shows confidence that "Figma's collaborative design moat, product momentum, and high margins outweigh short-term execution risks."
He said that the stance could make the sell-off look like "an overreaction" and maybe even bring in other long-term investors who are focused on growth.
Figma's profits and predictions
Figma, which went public in July 2025, made $249.6 million in revenue in the last three months, a 41% increase from the same time last year. But the company's ability to keep growing was called into question when costs went up and profits went down, which caused the share price to drop.
The company said that its adjusted operating income would be between $90 and $100 million, which effectively took back a lot of the premium it had after its IPO.
Disclosure of Bitcoin holdings
Figma also said that it has about $90 million in Bitcoin through an ETF, which is about 6% of its corporate treasury. Dylan Field, the CEO, made it clear that the company "is not a Bitcoin holding company" and is still focused on its design business.
Analysts said that the holding was based on feelings rather than a change in Figma's risk profile. Dadybayo said,
"When the founder of a big design company has Bitcoin, it means they're going in the right direction without turning Figma into a crypto play."
Gunel Ismayilova
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