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Figma’s IPO Filing Unveils $70M Bitcoin ETF Stake
- Figma disclosed holdings of $69.5 million in Bitcoin ETFs and a $30 million USDC allocation for future Bitcoin purchase in its 2025 IPO filing.
- These investments follow board approvals of a $55 million Bitcoin ETF purchase in March 2024 and an additional $30 million stablecoin allocation in May 2025.
- Figma's Bitcoin ETF assets constitute about 4% of its liquid reserves, aligning with a broader trend of tech companies integrating cryptocurrency into treasury strategies.
- CEO Dylan Field retains majority voting control through super-voting Class B shares, and the IPO aims to raise up to $1.5 billion to fund global expansion, AI, and R&D.
- Figma’s Bitcoin investments reflect increasing corporate cryptocurrency adoption, which may influence market perceptions and bolster Bitcoin's role as a strategic treasury asset.
21 Articles
21 Articles
Figma’s IPO Filing Unveils $70M Bitcoin ETF Stake
Cloud-based design platform Figma disclosed a $69.5 million exposure to bitcoin via the Bitwise Bitcoin ETF (BITB) in its initial public offering (IPO) filing on Tuesday. The investment originated from a $55 million purchase authorized by the board on March 3, 2024, which has since appreciated by around 27%. This story is an excerpt from the Unchained Daily newsletter. To get these updates in your email for free, subscribe here. In May, Figma’…
Popular Design Company Applies For IPO, Filing Shows $70M in BTC ETF Holdings
Apart from the substantial inventory in the leading cryptocurrency, the document also shows that the company purchased $30M in USDC, which it intends to use for future Bitcoin buys. The market expects this to be yet another highly anticipated IPO for 2025, after a failed acquisition by Adobe a few years ago. Cloud-Based Platform With Plans To Go Public Founded in 2012 by a computer scientist and graphics designer, the San Francisco-based company…
The technology company Figma was surprised to reveal that it invests millions of dollars in Bitcoin through ETFs, in a conservative and long-term strategy. Read more
Figma Reveals $70 Million Bitcoin ETF Holdings Ahead of IPO Bid
Figma holds $70 million in Bitcoin ETFs as it prepares for its public listing on the New York Stock Exchange. The company plans to buy more Bitcoin using $30 million in stablecoins approved by its board in May. Bitcoin now forms part of Figma’s treasury alongside bonds, money market funds and US Treasury assets. Design software company Figma has disclosed major digital asset holdings in its latest filing with the U.S. Securities and Exchange Com…
Figma Reveals $100M Crypto Strategy Ahead of IPO
The revelations came as the company filed its S-1 to go public. Figma’s crypto activity began shortly after the SEC approved spot Bitcoin ETFs. On March 3, 2024, its board approved a $55 million investment in Bitwise’s ETF—now valued at $70 million, suggesting early gains. The board later greenlit another $30 million in direct Bitcoin purchases, but the company has so far only converted that amount into stablecoin USDC, signaling plans to buy BT…
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