Financial disclosures filed with the U.S. Securities and Exchange Commission reveal Figma has made significant investments in cryptocurrency assets, underscoring growing corporate confidence in digital assets as a core financial strategy.
Figma invested $55 million in the Bitwise Bitcoin ETF (BITB). This position had appreciated to approximately $69.5 million by the end of Q1 2024, representing an unrealized gain of around 26%.
Further emphasizing its commitment to the digital asset space, the company allocated $30 million to U.S. Dollar Coin (USDC) stablecoins. This dedicated crypto treasury reserve was formally approved by Figma’s board specifically for enhanced liquidity and to potentially facilitate direct purchases of Bitcoin.
This strategic maneuver places Figma within a broader corporate trend of adopting cryptocurrencies, paralleling moves by firms like MicroStrategy, which notably increased its Bitcoin holdings by $531 million, and Metaplanet, which acquired over 1,000 BTC.
The disclosure follows Adobe’s terminated $20 billion acquisition of Figma, an outcome driven by antitrust concerns which resulted in Adobe paying Figma a significant $1 billion termination fee.
The filings signal accelerating institutional embrace of digital assets, with firms diversifying into instruments like Bitcoin ETFs and stablecoins, and increasingly exploring assets such as Ethereum, driven by goals of long-term appreciation and strategic financial hedging.