Figma's Bitcoin Holdings Surge 26% in First Quarter

Figma, a leading design software company, has disclosed substantial holdings in Bitcoin-related assets as part of its initial public offering (IPO) filing with the US Securities and Exchange Commission (SEC). The company revealed that it holds nearly $70 million worth of shares in Bitcoin exchange-traded funds (ETFs), specifically investing $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024. This investment has since appreciated to $69.5 million as of the quarter ended on March 31, reflecting an unrealized gain of 26%.

In addition to its ETF holdings, Figma has set aside $30 million in USD Coin (USDC), a stablecoin, with the intention of purchasing Bitcoin directly. The company's board of directors approved this investment on May 8, 2025, and subsequently acquired 30 million USDC at $1 per USDC, totaling $30 million. Figma plans to reinvest these stablecoin holdings into Bitcoin at a later date, demonstrating its commitment to increasing its exposure to cryptocurrencies.

Figma's decision to allocate a significant portion of its balance sheet to Bitcoin aligns with a growing trend among corporations to increase their exposure to cryptocurrencies. The company seeks to go public on the New York Stock Exchange (NYSE) under the ticker symbol “FIG,” underscoring its confidence in the potential of Bitcoin as a valuable asset for its treasury management strategy. This move positions Figma as a forward-thinking company in the tech industry, with a strong financial performance that includes a 46% jump in first-quarter revenue to $228.2 million and a rising net income.

Figma's leadership, including its CEO, has been praised for its exceptional vision and strategy. The company's allocation of around 5% of its balance sheet to Bitcoin has been commended by industry experts, with Bitwise CEO predicting that more corporations will follow suit in owning Bitcoin as part of their treasury. This sentiment is echoed by other major corporate Bitcoin investors, which have recently made significant purchases of Bitcoin, further validating Figma's strategic investments in the cryptocurrency market.