Design app Figma discloses $70M Bitcoin ETF holdings in IPO filing

Design bundle institution Figma revealed successful a regulatory filing that it owns astir $70 cardinal worthy of shares successful Bitcoin exchange-traded funds and has acceptable speech $30 cardinal successful stablecoins to bargain Bitcoin.

Figma filed with the Securities and Exchange Commission connected Tuesday to spell nationalist connected the New York Stock Exchange nether the ticker awesome “FIG,” with the paperwork detailing the firm’s existent fiscal position.

The filing said Figma invested $55 cardinal into the Bitwise Bitcoin ETF (BITB) connected March 3, 2024, and its worth stood astatine $69.5 cardinal with an unrealized nett of 26% arsenic of the 4th ended connected March 31.

Figma’s filing with the SEC reveals the institution held $70 cardinal worthy of Bitcoin ETFs. Source: SEC

Figma has $30 cardinal successful stablecoins for Bitcoin buys

Figma said it besides holds $30 cardinal worthy of the stablecoin USDC (USDC), which it intends to usage to acquisition Bitcoin.

“On May 8, 2025, the Board of Directors approved an concern of  $30.0 cardinal successful Bitcoin. Subsequently, the Company purchased 30.0 cardinal USD COIN (USDC), a stablecoin, for $1 per USDC totaling $30.0 million,” the filing reads. ”The Company intends to re-invest its stablecoin holdings into Bitcoin astatine a aboriginal date.” 

Related: FATF informing connected stablecoin crimes is not anti-crypto, intel firms say

Bitwise CEO Hunter Horsley applauded Figma for holding 5% of its equilibrium expanse successful Bitcoin.

“More and much corporations are going to ain Bitcoin arsenic portion of their treasury,” helium added.

Figma’s failed acquisition by Adobe

In 2022, the Nasdaq-listed plan bundle elephantine Adobe looked to get Figma for $20 billion; however, the European Commission and the UK Competition and Markets Authority knocked backmost the woody implicit concerns that Adobe would signifier a monopoly and that the woody was overvalued.

The transaction was called disconnected successful December 2023, with Adobe having to pay $1 cardinal successful currency to Figma arsenic a reverse termination fee.

Companies proceed to summation their crypto reserves

Demand from companies to clasp crypto successful their respective treasury reserves has been connected the emergence successful caller months.

On Monday, Strategy, formerly MicroStrategy, revealed that it had purchased BTC worthy $531 million, boosting its holdings to 597,000 BTC.

Meanwhile, Japanese Bitcoin treasury steadfast Metaplanet bought 1,005 BTC for $108 million, thereby surpassing Cleanspark to go the fifth-largest firm holder of Bitcoin.

Bitcoin is not the lone plus corporations are flocking to, arsenic firms person started accumulating ETH for their treasury reserves.

Mining steadfast BitMine Immersion Technologies announced that it had raised $250 cardinal via backstage placement to jumpstart its Ether treasury.

Magazine: Bitcoin ‘bull pennant’ eyes $165K, Pomp scoops up $386M BTC