Design software company IPO application reveals significant Bitcoin investment
The well-known design software company Figma submitted its S-1 document to the U.S. Securities and Exchange Commission on Tuesday, preparing for an initial public offering. The application unexpectedly revealed that Figma currently holds approximately $70 million worth of Bitwise Bitcoin ETF shares and has purchased $30 million in $USDC stablecoins, preparing for further investment in Bitcoin.
According to the document, the Figma board approved an investment of $55 million to purchase a Bitcoin exchange-traded fund operated by Bitwise on March 3, 2024. As of the report, this investment has grown to approximately $69.53 million, yielding about 27%. This investment accounts for about 4% of Figma's $1.07 billion in cash and securities reported as of March 31.
Source: SEC Figma board holds approximately $69.53 million in Bitcoin ETFs.
The board further approves a $30 million Bitcoin investment plan.
In addition to its existing holdings, the Figma board further approved an investment of $30 million to purchase Bitcoin on May 8, 2025. To execute this investment, the company has purchased $30 million in $USDC, planning to reinvest these stablecoins into Bitcoin at a later date.
Source: SEC Figma has purchased $30 million in $USDC, planning to reinvest these stablecoins into Bitcoin at a later date.
By first purchasing stablecoins, Figma can choose the optimal time for conversion without affecting operating cash flow, while hedging against short-term price volatility risks. The documents do not set a conversion timeline, but the decision for additional allocations implies that Figma views Bitcoin as a strategic reserve asset.
Tech companies are igniting a trend of Bitcoin inventory allocation.
Figma's Bitcoin investment decision reflects the growing trend of tech companies incorporating cryptocurrency into corporate inventory strategies. Statistics show that over 200 companies have established Bitcoin corporate inventories as of last month, with Tether, the world's largest stablecoin issuer, holding 100,000 Bitcoins.
Figma's IPO application is a significant development following Adobe's $20 billion acquisition deal breaking down in 2023. The company has become the latest operation to allocate part of its inventory to Bitcoin. As the regulatory environment becomes clearer and institutional acceptance increases, this trend is expected to continue. From its cautious investment approach, Figma seems to view Bitcoin as a long-term strategic investment rather than a speculative trade.
This content was generated by Crypto Agent compiling information from various sources and reviewed by (Crypto City). It is still in the training phase and may contain logical biases or informational errors. The content is for reference only and should not be considered as investment advice.
'Design giant Figma enters the scene! Revealing that it has $70 million in Bitcoin, planning to buy another $30 million.' This article was first published by 'Crypto City'.
