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Figma Reveals $100M Crypto Strategy Ahead of IPO

  • Figma revealed a $100 million crypto strategy as it filed its S-1 for an IPO.
  • The company invested $55 million in Bitwise's ETF, now valued at $70 million, and approved another $30 million for direct Bitcoin purchases.
  • Figma has converted the $30 million into stablecoin USDC, indicating future Bitcoin purchases.
  • The move aligns Figma with tech firms incorporating crypto into corporate treasuries, showcasing a strategic interest in blockchain assets amidst a growing trend.

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