Design software company Figma disclosed in a regulatory filing that it holds nearly $70 million in Bitcoin exchange-traded fund (ETF) shares, while reserving $30 million in stablecoin funds for future Bitcoin purchases.
Figma submitted an application to the U.S. Securities and Exchange Commission (SEC) on Tuesday to list on the New York Stock Exchange under the ticker "FIG," with the filing detailing the company's current financial status.
According to the document, Figma invested $55 million in the Bitwise Bitcoin ETF (BITB) on March 3, 2024, and as of the end of the quarter on March 31, that investment had grown to $69.5 million, representing an unrealized return of 26%.
Figma stated that it currently holds $30 million worth of USDC stablecoins, which it plans to use for purchasing Bitcoin.
"On May 8, 2025, the board approved a $30 million Bitcoin investment plan. Subsequently, the company purchased $30 million worth of USDC at a price of $1 per coin," the document stated. "The company plans to further invest the stablecoins it holds into Bitcoin in the future."
Bitwise CEO Hunter Horsley praised Figma for allocating 5% of its balance sheet to Bitcoin.
"In the future, more and more companies will incorporate Bitcoin into their financial reserves," he added.
In 2022, Nasdaq-listed design software giant Adobe planned to acquire Figma for $20 billion, but the deal was not approved due to concerns from the European Commission and the UK's Competition and Markets Authority that it would lead to Adobe's market monopoly and was overvalued.
In December 2023, the transaction was officially terminated, with Adobe paying Figma $1 billion in cash as a reverse termination fee.
Recently, the trend of companies incorporating crypto assets into their financial reserves has been gaining momentum.
On Monday, Strategy (formerly MicroStrategy) disclosed a new purchase of $531 million worth of BTC, bringing its total holdings to 597,000 BTC.
Meanwhile, Japanese Bitcoin reserve institution Metaplanet purchased 1,005 BTC for $108 million, surpassing Cleanspark to become the fifth-largest corporate Bitcoin holder globally.
Additionally, companies are not only focusing on Bitcoin; an increasing number of firms are also beginning to include ETH in their financial reserves.
Mining company BitMine Immersion Technologies announced it raised $250 million through a private placement, planning to initiate its Ethereum reserve.
Related: Musk threatens to establish the "American Party"! The fate of Trump's "Beautiful America Act" intertwines with crypto tax reform.
Original article: “Design Software Figma Discloses $70 Million Bitcoin (BTC) ETF Holdings in IPO Filing”
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