As it gears up for a highly anticipated public listing on the New York Stock Exchange, design platform Figma has revealed that it holds $69.5 million worth of Bitcoin, representing 4.5% of its $1.54 billion treasury portfolio.
This strategic allocation marks a significant shift in Figma’s financial policy. In a further move toward Bitcoin adoption, the company's board has also approved an additional $30 million in Bitcoin purchases, to be executed using digital dollars (USD-based stable assets).
The disclosure comes on the heels of a major turning point for the company, following the collapse of its proposed acquisition by Adobe in 2023. Now moving forward independently, Figma appears to be aligning itself with the growing number of tech companies treating Bitcoin as a long-term treasury asset and hedge against monetary debasement.
This bold financial positioning may attract attention from both institutional investors and Bitcoin advocates, especially as the company prepares for its initial public offering.
