In a groundbreaking move, design software giant Figma has disclosed a significant investment of $70 million in Bitcoin exchange-traded funds (ETFs) as part of its preparations for an initial public offering (IPO). This strategic financial decision, revealed in recent SEC filings, highlights the company's confidence in the future of digital assets and marks a notable shift in corporate treasury strategies.
According to the filings, Figma's board approved a $55 million purchase of the Bitwise Bitcoin ETF (BITB), with the company currently holding approximately $69.5 million in BITB units as of March 31, 2025. Additionally, the board has greenlit a further investment of $30 million in spot Bitcoin, with the cash currently held as USDC until the transaction is completed.
This investment, representing about 4.5% of Figma's cash and securities portfolio, underscores a growing trend among corporations to diversify their holdings with cryptocurrencies. It positions Figma as a pioneer in integrating Bitcoin ETFs into mainstream corporate finance, potentially inspiring other tech firms to follow suit.
Figma's foray into Bitcoin comes at a time when digital assets are gaining traction as a hedge against inflation and economic uncertainty. By allocating a significant portion of its portfolio to crypto, the company is not only embracing innovation but also enhancing transparency in the volatile crypto market.
As Figma gears up for its IPO, this bold move could attract investors who view cryptocurrency exposure as a forward-thinking strategy. The design firm's investment decisions may serve as a benchmark for how tech companies approach financial diversification in the digital age.
The broader implications of Figma's investment could reshape corporate perceptions of Bitcoin, further legitimizing it as a viable asset class. As more details emerge about the IPO and subsequent Bitcoin purchases, the financial world will be watching closely to see how this strategy unfolds.
Alfred Lee
