Figma, a design software company, disclosed holding $70 million in Bitcoin ETFs in its IPO filing . The company also plans to invest an additional $30 million in Bitcoin . This move marks a significant step for Figma as it seeks to expand its capital access and diversify its balance sheet .
According to the filing, Figma's board approved a $55 million purchase of Bitwise's bitcoin exchange-traded fund (ETF), the Bitwise Bitcoin ETF (BITB) . Figma currently holds roughly $69.5 million worth of BITB units as of March 31, 2025 . The board also approved a subsequent $30 million spot Bitcoin purchase on May 8 . The cash for that specific BTC transaction is currently being held as USDC until a purchase date is selected .
Figma plans to trade on the New York Stock Exchange under the ticker “FIG,” although the number of shares and pricing remain undisclosed . The company was last valued at $12.5 billion in a 2023 tender offer . Venture firms including Index Ventures, Greylock, and Sequoia hold major stakes .
Figma's move to invest in Bitcoin ETFs signals an evolving treasury strategy that blends traditional assets with crypto exposure . The investment reflects a growing trend among tech companies to hold Bitcoin as part of their capital reserves . Figma adds to the slew of companies rushing to set up Bitcoin treasuries .
Figma's board approved the initial $55 million investment in the Bitwise Bitcoin ETF in March . The investment is now valued at $70 million . This ETF holding represents approximately 4% of Figma's $1.07 billion in liquid reserves, including cash and other securities .