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Figma’s IPO Filing Unveils $70M Bitcoin ETF Stake - Unchained
Cloud-based design platform Figma disclosed a $69.5 million exposure to bitcoin via the Bitwise Bitcoin ETF (BITB) in its initial public offering (IPO) filing on Tuesday.
The investment originated from a $55 million purchase authorized by the board on March 3, 2024, which has since appreciated by around 27%.
This story is an excerpt from the Unchained Daily newsletter.
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In May, Figma’s board also authorized the purchase of $30 million in Circle-issued stablecoin USDC. The company said it “intends to reinvest its stablecoin holdings into Bitcoin at a later date.”
The disclosure places Figma among a growing cohort of tech companies integrating bitcoin into their treasury strategies as a strategic reserve asset.
Public companies acquired 245,510 BTC in the first half of 2025, more than double the amount bought by ETFs during the same period and a 375% surge from the 51,653 BTC purchased by corporates in the first half of 2024.