Figma Invests $70 Million in Bitcoin ETF Ahead of IPO

Figma, a prominent design firm, has disclosed a significant investment in Bitcoin through its exchange-traded fund (ETF) holdings. According to documents filed for its initial public offering (IPO), Figma has amassed a Bitcoin ETF stash valued at $70 million. This revelation comes as part of the company's preparations to go public, providing a glimpse into its strategic financial decisions and its confidence in the future of digital assets.

The company’s documentation shows that its board approved a $55 million purchase of Bitwise’s bitcoin exchange-traded fund (ETF), the Bitwise Bitcoin ETF (BITB). Figma currently holds roughly $69.5 million worth of BITB units as of March 31, 2025, according to the filing. The board also approved a subsequent $30 million spot bitcoin purchase on May 8. The cash for that specific BTC transaction is currently being held as USDC until a purchase date is selected. “The company intends to re-invest its stablecoin holdings into bitcoin at a later date,” the document explains.

Figma’s board also recently approved a $30 million acquisition of spot bitcoin, which will be purchased at some point in the future. This move adds to the growing trend of companies setting up bitcoin treasuries, a strategy pioneered by data intelligence startup turned bitcoin treasury firm Strategy. Strategy, with its substantial holdings, has seen its stock enjoy significant premiums and strong performance.

Figma’s disclosure of its Bitcoin ETF holdings is noteworthy for several reasons. Firstly, it underscores the growing acceptance of cryptocurrencies among mainstream companies. By investing in a Bitcoin ETF, Figma is not only diversifying its portfolio but also signaling its belief in the long-term potential of digital currencies. This move aligns with a broader trend where more corporations are exploring and adopting cryptocurrencies as part of their investment strategies.

Secondly, the $70 million investment highlights Figma's financial strength and its ability to make substantial investments in emerging technologies. This investment could potentially yield significant returns, further bolstering the company's financial position. Moreover, it demonstrates Figma's forward-thinking approach, as it seeks to capitalize on the burgeoning digital asset market.

The decision to invest in a Bitcoin ETF rather than directly holding Bitcoin is also strategic. ETFs provide a more regulated and accessible way to invest in cryptocurrencies, offering investors the benefits of diversification and liquidity. This approach allows Figma to mitigate some of the risks associated with direct cryptocurrency holdings, such as volatility and regulatory uncertainties.

Figma's disclosure of its Bitcoin ETF holdings is likely to attract attention from investors and industry observers alike. It sets a precedent for other design firms and tech companies to consider similar investments, potentially leading to a broader adoption of cryptocurrencies within the industry. As more companies follow suit, the digital asset market could see increased liquidity and stability, further solidifying its position as a viable investment option.

In conclusion, Figma's revelation of its $70 million Bitcoin ETF stash in its IPO documents is a significant development in the world of digital assets. It reflects the company's confidence in the future of cryptocurrencies and its strategic approach to investment. As Figma prepares to go public, this disclosure serves as a testament to its innovative mindset and its commitment to staying at the forefront of technological advancements.