Figma IPO Filing Reveals $70M Bitcoin ETF Holdings
Summary
Figma owns nearly $70 million in shares of Bitcoin exchange-traded funds and has allocated $30 million in stablecoins for future Bitcoin purchases. The company filed with the SEC to go public under the ticker “FIG,” revealing a $55 million investment in the Bitwise Bitcoin ETF, valued at $69.5 million with a 26% unrealized profit as of March 31. Figma plans to reinvest its $30 million in USDC stablecoins into Bitcoin later. The company previously faced a failed acquisition by Adobe, which was blocked by regulatory authorities, resulting in Adobe paying Figma a $1 billion termination fee. Corporate interest in crypto is increasing, with firms like Strategy and Metaplanet significantly boosting their Bitcoin holdings.
