Figma announced the presence of Bitcoin ETF of 70 million dollars in the public offering file
The popular design software company Figma announced that it has invested 69.5 million dollars of Bitcoin ETF in public offering documents and planned direct BTC purchase in the future with a USDC of 30 million dollars.
Figma announced Bitcoin ETF and crypto plans for IPO application
World -renowned design software developer Figma, the US Securities and Stock Exchange Commission (SEC) has attracted attention in the application of the public offering (IPO): the company has Bitcoin ETF shares worth $ 69.5 million and plans to purchase Bitcoin directly with a USDC of $ 30 million.
The Figma, which was prepared to be traded with the “FIG” symbol on the New York Stock Exchange, said that on March 3, 2024, Bitwise Bitcoin ETF (BITB) has invested $ 55 million in its fund. This investment reached 69.5 million dollars with an unexpected earnings of 26 %as of the end of March 2025.
New BTC purchase plan with USDC reserve
Figma also announced on May 8, 2025 that the board of directors was approved by a 30 million dollar direct Bitcoin purchase. In this context, the company has purchased 30 million USDC and plans to convert this Stablecoin assets into BTC in the future.
The following statements were included in the application documents:
“The company intends to convert Stablecoin assets to Bitcoin in the future.”
Hunter Horsley, Bitwise CEO praised the division of Figma’s balance sheet to Bitcoin:
“More and more companies will hold Bitcoin in their treasures.”
Adobe agreement was inconclusive
Figma was asked to be purchased by Adobe for $ 20 billion in 2022. However, the European Commission and the United Kingdom Competition Authority did not approve of this merger on the grounds of competition violations and excessive valuation. The agreement was canceled in December 2023 and Adobe had to pay 1 billion dollars of compensation.
Corporate Bitcoin demand is increasing
Figma’s Bitcoin ETF move has recently added a new one to the companies that have recently participated in the institutional crypto reserve trend. At the beginning of the week:
Strategy (formerly Microstrategy) purchased 531 million dollars of BTC and increased its total presence to 597,000 BTC.
Japan -based metaplanet, with a 1.005 BTC purchase of 108 million dollars of Cleanspark’ı crossing the world’s 5th largest corporate Bitcoin owner.
Bitmine Immersion Technologies announced that it would pass to the ETH Treasury strategy by collecting a special fund of $ 250 million.
