Design software company Figma disclosed in a new SEC filing that it holds $70 million in shares of Bitwise’s Bitcoin ETF (BITB) and has earmarked $30 million in USDC to buy Bitcoin directly.
The revelations came as the company filed its S-1 to go public.
Figma’s crypto activity began shortly after the SEC approved spot Bitcoin ETFs. On March 3, 2024, its board approved a $55 million investment in Bitwise’s ETF—now valued at $70 million, suggesting early gains.
The board later greenlit another $30 million in direct Bitcoin purchases, but the company has so far only converted that amount into stablecoin USDC, signaling plans to buy BTC in the near future.
The move positions Figma among a growing cohort of tech companies integrating crypto into their corporate treasuries—a trend led by firms like Strategy, which treat Bitcoin as a core balance sheet asset. While Figma remains primarily focused on digital design tools, the scale of its crypto exposure signals a broader strategic interest in blockchain-based assets.
This also comes at a pivotal time for the IPO market and the crypto sector. As institutional interest in Bitcoin ETFs continues to grow, Figma’s dual investment approach—splitting between ETFs and direct holdings—may reflect a desire to balance regulatory clarity with long-term conviction in Bitcoin’s role as a financial asset.
Source: https://coindoo.com/figma-reveals-100m-crypto-strategy-ahead-of-ipo/