Design Firm Figma Reveals $70M Bitcoin ETF Stash in IPO Documents
2025-07-01 23:29:00
Main Idea
Figma disclosed a $70 million investment in a Bitcoin ETF and plans for a $30 million spot bitcoin purchase in its IPO filing with the SEC.
Key Points
1. Figma holds approximately $69.5 million worth of Bitwise Bitcoin ETF (BITB) as of March 31, 2025.
2. The company's board approved a $55 million purchase of BITB and a subsequent $30 million spot bitcoin purchase on May 8.
3. The $30 million for the spot bitcoin purchase is currently held as USDC and will be converted to bitcoin at a later date.
4. Figma submitted confidential IPO documentation to the SEC in April 2025 after its $20 billion acquisition by Adobe was blocked by the UK’s CMA in 2023.
Description
Figma’s board also recently approved a $30 million acquisition of spot bitcoin, which will be purchased at some point in the future. Figma’s SEC Filing Reveals Major Bitcoin ETF Position Worth $70M Software giant Adobe had positioned itself to acquire smaller competitor Figma in 2022 for $20 billion. But that move was struck down by
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