Catenaa, Monday, July 07, 2025-Digital design firm Figma disclosed in a public filing that it holds nearly $100 million in crypto-related assets, marking a significant foray into digital finance as it prepares for an initial public offering.
According to its S-1 registration with the Securities and Exchange Commission, Figma owns $70 million worth of shares in Bitwise’s Bitcoin exchange-traded fund (ticker: BITB). The company also said it had purchased $30 million in USD Coin (USDC) with plans to convert the stablecoin into Bitcoin.
The filing notes that Figma’s board approved a $55 million investment in the Bitwise fund in March 2024, just weeks after spot Bitcoin ETFs received regulatory approval in the U.S. The position has appreciated in value to nearly $70 million as of the most recent valuation.
On May 8, Figma’s board approved a second investment—$30 million directly into Bitcoin. Instead of immediate conversion, the company opted to hold the funds in USDC, a dollar-pegged stablecoin, signaling its intention to buy Bitcoin at a later date.
Figma’s crypto exposure puts it among a growing number of corporations building Bitcoin treasuries, a trend that analysts say reflects growing structural demand for the asset class. More than 200 companies now report Bitcoin holdings on their balance sheets.
The move places Figma in line with major firms like Tether, which recently revealed it owns 100,000 BTC.
