Figma Files for IPO, Invests $99.5 Million in Bitcoin

Figma, a leading design software company, has formally initiated its journey towards becoming a publicly traded entity by submitting its S-1 registration with the U.S. Securities and Exchange Commission. The company aims to list its stock on the New York Stock Exchange under the ticker symbol “FIG.” Details regarding the number of shares outstanding and the proposed price range have not been revealed, and the timing of the IPO will be contingent on market conditions.

The S-1 filing offers a comprehensive view of Figma’s financial health and its increasing interest in Bitcoin. As of March 31, 2025, the company held approximately $69.5 million in spot Bitcoin ETFs, demonstrating a significant investment in the cryptocurrency through regulated financial products. This investment highlights Figma’s strategic approach to diversifying its asset portfolio and capitalizing on the potential of digital currencies.

On May 8, 2025, Figma’s Board of Directors approved an additional $30 million investment in Bitcoin. However, instead of purchasing Bitcoin directly, the company first acquired $30 million worth of USD Coin (USDC), a stablecoin pegged to the U.S. dollar. This USDC will be converted into Bitcoin at a later date, showcasing Figma’s cautious and calculated approach to cryptocurrency investments.

Figma’s IPO is one of the most eagerly awaited in recent years, especially following a period of relative inactivity in tech public offerings. The company’s strong earnings, customer growth, and solid financial reserves position it favorably for a successful transition to the public markets. Despite acknowledging “intense competition,” Figma has not named specific rivals, focusing instead on its robust performance and strategic investments.

The company’s decision to invest in Bitcoin reflects a broader trend among tech firms exploring the potential of digital assets. By holding a significant amount of Bitcoin, Figma not only diversifies its investment portfolio but also aligns itself with the growing acceptance of cryptocurrencies in the financial world. This move could attract investors who are bullish on the future of digital currencies and see Figma as a forward-thinking company.

Figma’s IPO is expected to generate significant interest from investors, especially given the recent success of other tech IPOs. The company’s strategic investments in Bitcoin and its strong financial position make it an attractive prospect for public market participation. As Figma prepares to go public, its focus on innovation and strategic investments positions it well for future growth and success.