The revelations came as the company filed its S-1 to go public. Figma’s crypto activity began shortly after the SEC […]
The post Figma Reveals $100M Crypto Strategy Ahead of IPO appeared first on Coindoo.
The revelations came as the company filed its S-1 to go public.
Figma’s crypto activity began shortly after the SEC approved spot Bitcoin ETFs. On March 3, 2024, its board approved a $55 million investment in Bitwise’s ETF—now valued at $70 million, suggesting early gains.
The board later greenlit another $30 million in direct Bitcoin purchases, but the company has so far only converted that amount into stablecoin USDC, signaling plans to buy BTC in the near future.
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The move positions Figma among a growing cohort of tech companies integrating crypto into their corporate treasuries—a trend led by firms like Strategy, which treat Bitcoin as a core balance sheet asset. While Figma remains primarily focused on digital design tools, the scale of its crypto exposure signals a broader strategic interest in blockchain-based assets.
This also comes at a pivotal time for the IPO market and the crypto sector. As institutional interest in Bitcoin ETFs continues to grow, Figma’s dual investment approach—splitting between ETFs and direct holdings—may reflect a desire to balance regulatory clarity with long-term conviction in Bitcoin’s role as a financial asset.
The post Figma Reveals $100M Crypto Strategy Ahead of IPO appeared first on Coindoo.
Source: https://coindoo.com/figma-reveals-100m-crypto-strategy-ahead-of-ipo/
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