SoFi Stock Drops 8% Following $1.5 Billion Equity Sale for Crypto Expansion
SoFi Technologies shares fell 7.86% to $26.98 on January 6, 2026, after completing a $1.5 billion equity offering priced at $27.50 per share. Trading volume surged 74% above average as investors reacted to the dilution, though the capital raise positions the fintech firm for strategic crypto initiatives.
The stock's volatility reflects growing institutional interest in digital asset infrastructure. SoFi's planned crypto expansion comes amid a 121% gain since its 2021 IPO, with Wall Street anticipating 25% revenue growth in 2026. Heavy options activity suggests traders are positioning ahead of Q4 earnings.
At 47 times forward earnings, SoFi's valuation demonstrates how traditional finance players are being rewarded for embracing blockchain technology. The equity sale timing capitalizes on the stock's 2025 rally, which saw shares nearly double amid growing crypto adoption.
