Design platform Figma disclosed in an SEC filing that it holds $70 million in Bitcoin ETFs and plans to purchase an additional $30 million.
The disclosure was part of Figma's S-1 filing as it aims to go public. As of March 31, 2025, it had $69.5 million in Bitcoin ETFs out of a total of $1.54 billion in cash, cash equivalents, and marketable securities.
Figma's board approved a $55.0 million investment in a Bitcoin ETF operated by Bitwise, Inc, and later sanctioned an additional $30 million investment in Bitcoin. The $30 million was initially invested in USDC with plans to convert it to Bitcoin.
While noting the ETF's volatility, Figma reported unrealized gains of $23.8 million in equity investments for 2024 but recognized $9.3 million in unrealized losses for Q1 2025. It also recorded interest income of $63.7 million in 2024 and $15.5 million in Q1 2025 from its financial holdings.