Design app Figma discloses $70M Bitcoin ETF holdings in IPO filing

Figma has filed to go public in the US, disclosing it holds $69.5 million worth of Bitcoin ETFs and has $30 million in USDC ready to purchase Bitcoin.

Design software company Figma revealed in a regulatory filing that it owns nearly $70 million worth of shares in Bitcoin exchange-traded funds and has set aside $30 million in stablecoins to buy Bitcoin.

Figma filed with the Securities and Exchange Commission on Tuesday to go public on the New York Stock Exchange under the ticker symbol “FIG,” with the paperwork detailing the firm’s current financial position.

The filing said Figma invested $55 million into the Bitwise Bitcoin ETF (BITB) on March 3, 2024, and its value stood at $69.5 million with an unrealized profit of 26% as of the quarter ended on March 31.

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