Figma announces cryptocurrency public offering, choosing Bitcoin as its method.
Figa, the multi-billion dollar design software company, has announced plans to go public this year. As part of its strategic move, Figma has decided to dip its toes into the world of cryptocurrency, with a significant investment in Bitcoin.
On May 8, 2025, Figma's board approved an investment of $30 million in Bitcoin. This decision comes amidst a surge in Bitcoin spot ETFs on Figma's balance sheet, which has absorbed around 115,000 additional BTC this year. As of March 31, 2024, Figma held Bitcoin spot ETFs worth $69.5 million.
The price of Bitcoin has risen by approximately 30% since Figma's Bitcoin position was disclosed, making it worth around $90 million today. This surge in value underscores the growing interest in Bitcoin among businesses, particularly tech companies.
Figma is not alone in its adoption of Bitcoin. Companies like Tesla, Rumble, and Block are also adopting similar strategies. In fact, institutional adoption of Bitcoin continues to gain momentum, with over $13 billion in inflows into Bitcoin spot ETFs this year.
The business intelligence software company Strategy holds over $60 billion in Bitcoin and has recently qualified for inclusion in the S&P 500 index. This move further solidifies Bitcoin's position as a legitimate investment option for large corporations.
However, it's important to note that many other well-known private companies may also be holding Bitcoin but choose not to disclose it, unless they're actively seeking an IPO. Private companies holding Bitcoin on their balance sheets are less commonly disclosed, but industry reports highlight companies like BitGo, a major US crypto custodian preparing for an IPO, as an example of a significant Bitcoin holder not yet publicly listed.
Figma's valuation stood at $12.5 billion last year, and upon completion of its IPO, it will join over 100 companies holding Bitcoin on their balance sheets. The author, Tristan, Editor-in-Chief at Blocktrainer.de, has been actively involved with Bitcoin since 2020 and has a background in economics and journalism, with a particular interest in libertarian economic theory.
In addition to its Bitcoin investment, Figma also revealed a profit of $45 million in the first quarter of 2024, with revenue of $228 million, as disclosed in its IPO document filed yesterday. Figma plans to reinvest its stablecoin balances into Bitcoin at a later date.
This move by Figma underscores the growing acceptance and adoption of Bitcoin by major corporations, and it will be interesting to see how this trend continues to evolve in the coming years.
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