Golden Finance reported that design collaboration software company Figma disclosed in its first financial report after going public that its $1.6 billion cash reserve includes approximately $91 million in Bitcoin holdings. CEO Dylan Field emphasized that this move is not an imitation of MicroStrategy's Michael Saylor, but rather part of a strategy to diversify cash management and will not turn the company towards encryption speculation. Despite exceeding expectations, Figma's stock price fell 18% on Thursday, continuing the downward trend since its IPO.
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Figma released its first financial report, Bitcoin holdings reached 91 million USD but the stock price fell.
Golden Finance reported that design collaboration software company Figma disclosed in its first financial report after going public that its $1.6 billion cash reserve includes approximately $91 million in Bitcoin holdings. CEO Dylan Field emphasized that this move is not an imitation of MicroStrategy's Michael Saylor, but rather part of a strategy to diversify cash management and will not turn the company towards encryption speculation. Despite exceeding expectations, Figma's stock price fell 18% on Thursday, continuing the downward trend since its IPO.