Figma Reveals $70 Million Bitcoin ETF Holdings Ahead of IPO Bid

Figma holds $70 million in Bitcoin ETFs as it prepares for its public listing on the New York Stock Exchange.

The company plans to buy more Bitcoin using $30 million in stablecoins approved by its board in May.

Bitcoin now forms part of Figma’s treasury alongside bonds, money market funds and US Treasury assets.

Design software company Figma has disclosed major digital asset holdings in its latest filing with the U.S. Securities and Exchange Commission. The firm revealed that it owns close to $70 million Bitcoin exchange-traded funds and intends to increase its investments.

It was disclosed when the Company announced an initial public offering filing at the New York Stock Exchange with a ticker symbol of FIG. The filing lays out the financial position and the strategic asset allocation of the company prior to its initial public offering.

Bitcoin Holdings Detailed in SEC Filing

Figma invested $55 million in the Bitwise Bitcoin ETF on March 3, 2024. By March 31, that position had grown to $69.5 million. The gain reflected a 26% increase in value within one quarter. The ETF is listed among Level 1 equity securities in Figma’s financial statements.

The company reported no credit losses on the asset and noted that price volatility in Bitcoin influenced the ETF’s value. Figma’s Bitcoin ETF stake accounts for about 4% of its $1.07 billion in liquid financial assets as of March 31.

Board Approves Additional $30 Million Bitcoin Investment

In a move to increase exposure, Figma’s board authorized another $30 million investment in Bitcoin on May 8. To facilitate the purchase, the company acquired $30 million worth of the stablecoin USDC. The firm plans to convert the stablecoin into Bitcoin at a later date.

This approach allows Figma to manage market timing while preserving operational liquidity. By holding USDC first, the company can monitor market conditions before completing the conversion.

Broader Treasury Strategy

Bitcoin now appears alongside money market funds, U.S. Treasuries, and corporate bonds in Figma’s asset allocation. The strategy reflects a growing trend among tech companies adding Bitcoin to their balance sheets.

The filing confirms that the company categorizes the Bitcoin ETF under equity investments, with unrealized gains and losses tracked separately. Figma reported $23.8 million in unrealized equity gains for 2024 and $0.3 million in Q1 2025. It also recorded a $9.3 million unrealized loss in Q1 2025. Meanwhile, spot Bitcoin ETFs inflows reached over $250M daily in late June.

IPO Filing Follows Terminated Adobe Deal

Figma’s IPO filing follows the collapse of Adobe’s $20 billion acquisition attempt. Regulators in the UK and EU blocked the deal over monopoly concerns. Adobe paid a $1 billion termination fee to Figma after the deal was canceled in December 2023.

The new IPO filing aligns with rising corporate interest in Bitcoin and digital assets for long-term reserves. Recently, the USDC issuer launched to the public after a successful IPO filing.