ARK Invest bets big on Figma with $8.1M stake amid valuation slump
ARK Invest made a bold move last week by acquiring a large stake in private design firm Figma. The purchase totalled over $8.1 million for 337,381 shares. Meanwhile, the investment firm trimmed positions in several other companies, including a notable cryptocurrency-related holding.
On March 20, ARK Invest bought 337,381 shares of Figma, a privately held company, for more than $8.1 million. This came despite Figma's shares dropping 83% from their 2025 peak, even as the firm reported a 40% increase in revenue. The failed Adobe acquisition in 2023 left Figma as a private entity, meaning no public stock data exists for comparison.
At the same time, ARK reduced its stakes in multiple companies. These included Teradyne, Bullish, Guardant Health, and Butterfly Network. One significant divestment was in Circle Internet Group, a cryptocurrency-related holding, where ARK sold 45,998 shares worth around $5.9 million from its ARKK and ARKW funds.
Cathie Wood, ARK's founder, focused her recent stock purchases on just three firms: Figma, Arcturus Therapeutics, and 10x Genomics. The decision to invest heavily in Figma stands out, given its private status and steep valuation decline.
ARK's latest trades highlight a shift toward selective investments, with Figma as a key target. The firm's reduced exposure to other holdings suggests a strategic realignment. The impact of these moves will depend on how Figma's private valuation evolves in the coming months.
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