Design software company Figma disclosed in a recent Securities and Exchange Commission (SEC) filing that it holds nearly $70 million worth of shares in Bitcoin exchange-traded funds (ETFs) and has allocated an additional $30 million in stablecoins for future Bitcoin purchases. The filing comes as the company prepares to go public on the New York Stock Exchange (NYSE) under the ticker symbol “FIG.”
According to the paperwork filed on Tuesday, Figma invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024. By the end of the first quarter, the position appreciated to $69.5 million, reflecting an unrealized gain of 26%.
In addition, Figma’s filing notes that the company holds $30 million worth of USD Coin (USDC) — a U.S. dollar-pegged stablecoin — for the express purpose of acquiring Bitcoin.
“On May 8, 2025, the Board of Directors approved an investment of $30.0 million in Bitcoin. Subsequently, the Company purchased 30.0 million USD Coin (USDC), a stablecoin, for $1 per USDC totaling $30.0 million,” the filing states. “The Company intends to re-invest its stablecoin holdings into Bitcoin at a later date.”
Figma’s crypto strategy aligns with a broader trend of corporations increasing their digital asset holdings. Bitwise CEO Hunter Horsley praised the move, noting that Figma has allocated about 5% of its balance sheet to Bitcoin.
“More and more corporations are going to own Bitcoin as part of their treasury,” Horsley said.
Other major firms are also bolstering their crypto treasuries. Earlier this week, Strategy (formerly MicroStrategy) announced a purchase of $531 million in Bitcoin, bringing its total holdings to 597,000 BTC. In Japan, Metaplanet acquired 1,005 BTC for $108 million, overtaking Cleanspark as the fifth-largest corporate holder of Bitcoin.
Meanwhile, companies are also turning to Ethereum. Crypto mining firm BitMine Immersion Technologies recently raised $250 million to kickstart its Ether treasury.
Figma’s IPO comes after the collapse of its planned $20 billion acquisition by Adobe. The deal, announced in 2022, faced intense regulatory scrutiny from the European Commission and the UK Competition and Markets Authority, which raised concerns over potential monopoly risks and valuation excesses.
The merger was ultimately called off in December 2023, with Adobe paying $1 billion in cash to Figma as a reverse termination fee.
July 2025, Cryptoniteuae