Major Figma IPO Reveals $70M Bitcoin ETF and $30M USDC Treasury

In a significant move for both the tech and cryptocurrency worlds, design software powerhouse Figma has publicly revealed substantial holdings in Bitcoin ETFs and stablecoins as part of its filing to go public in the United States. This disclosure, made within the official paperwork submitted to the Securities and Exchange Commission (SEC), highlights a growing trend among corporations integrating digital assets into their financial strategies, particularly alongside a major event like a Figma IPO.

What Did the Figma IPO Filing Reveal About Bitcoin?

Figma’s regulatory filing laid bare its current financial standing, offering a clear look at its balance sheet ahead of its planned listing on the New York Stock Exchange under the ticker symbol “FIG.” Among the expected financial details, the filing included a notable section on the company’s digital asset investments. Specifically, Figma disclosed owning shares in Bitcoin exchange-traded funds (ETFs) valued at close to $70 million. This investment demonstrates a strategic allocation towards a major digital asset class.

The filing detailed that Figma invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024. By the end of the quarter on March 31, the value of this investment had appreciated to $69.5 million, representing an unrealized profit of 26% in less than a month. This successful early return on their Bitcoin ETF investment likely validates the company’s decision to explore digital asset exposure.

Is Figma Planning More Corporate Bitcoin Buys?

Beyond its existing Bitcoin ETF holdings, Figma’s filing also indicated plans for future direct investment in Bitcoin. The company stated it holds $30 million worth of the stablecoin USDC. The intention behind holding this specific stablecoin amount is to use it for purchasing Bitcoin at a later date. The filing explicitly mentioned, “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 Company intends to re-invest its stablecoin holdings into Bitcoin at a later date.” This forward-looking statement signals Figma’s continued interest in increasing its direct Corporate Bitcoin exposure.

The move was positively received by figures in the crypto space. Bitwise CEO Hunter Horsley commended Figma for allocating 5% of its balance sheet to Bitcoin, suggesting this is a sign of a broader trend where more corporations will incorporate Bitcoin into their treasury reserves.

Why Are Companies Building a Crypto Treasury?

Figma is not alone in exploring digital assets for its balance sheet. The trend of companies building a Crypto Treasury has seen significant momentum recently. This involves holding cryptocurrencies, primarily Bitcoin, as part of a company’s reserve assets, similar to how companies might hold cash, bonds, or gold.

Notable examples of this trend include:

• MicroStrategy (formerly Strategy): A pioneer in corporate Bitcoin adoption, MicroStrategy recently added another $531 million worth of BTC, bringing its total holdings to a staggering 597,000 BTC.
• Metaplanet: This Japanese company has also been aggressively accumulating Bitcoin, recently buying 1,005 BTC for $108 million, surpassing Cleanspark to become the fifth-largest corporate holder.
• BitMine Immersion Technologies: While many focus on Bitcoin, other firms are exploring different assets. BitMine Immersion Technologies, a mining firm, raised $250 million via private placement specifically to establish an Ether (ETH) treasury.

These examples, alongside Figma’s disclosure, illustrate the increasing acceptance and strategic consideration of digital assets within corporate finance, moving beyond speculation to becoming a component of treasury management.

Looking Ahead: What Does This Mean for Corporate Adoption?

Figma’s decision to hold a significant Crypto Treasury, specifically through a Bitcoin ETF and planned direct buys with USDC, is a strong signal to the market. As a prominent tech company preparing for a major Figma IPO, its endorsement of digital assets could encourage other firms to consider similar strategies. The transparency required in IPO filings provides valuable insight into corporate digital asset strategies, further normalizing Corporate Bitcoin holdings. This trend suggests that digital assets are increasingly viewed not just as speculative investments, but as legitimate components of a diversified corporate balance sheet.

Summary

Figma’s IPO filing reveals a strategic financial position that includes significant exposure to Bitcoin through ETF holdings and a planned future purchase using USDC. With nearly $70 million in Bitcoin ETFs and $30 million in stablecoins earmarked for further investment, Figma joins a growing list of companies embracing digital assets in their treasury. This move, disclosed during a pivotal moment like an IPO, underscores the increasing institutional acceptance of cryptocurrencies and sets a precedent for other companies considering their own Crypto Treasury strategies.