Collaboration design of company figma software software (Fig) expanded its bitcoin Handling $ 91 million in this year’s second quarter, the company revealed Wednesday during the revenue call.
The move, revealed by Chief Financial Officer Praveer Melwani, comes as part of a larger $ 1.6 billion cash position. “Within $ 1.6 billion, we also held about $ 91 million in our funds exchanged by the Bitcoin exchange,” Melwani said.
Figma, na went public At the New York Stock Exchange in July, there was an event in several years. A planned $ 20 billion Adobe extraction collapsed in 2023 after regulators raised Antitrust concerns. Since then, the company has continued to grow its customer base, which includes 95% of Fortune 500.
Unlike some companies that turn to Bitcoin’s handles as a final effort to excite investors or pivots away from denial of basic businesses, Figma’s approach will appear more conservative.
“We’re not trying to be Michael Saylor here,” cEo Dylan Field told CNBC. “It’s not, like, a company holding Bitcoin. It’s a design company, but I think there’s a place for it on the sheet of balance and as part of a different ark approach.”
Neither the increase in exposure to bitcoin or the better than the expected income has strengthened the investor’s sentiment, at least for a short time. Despite defeating revenue expectations, Figma sharing dropped 18% on Thursday, closing $ 55.96. That remains above the IPO price, but down almost 50% from the Frenzied IPO-day climax.
Bitcoin’s silent addition to Bitcoin to its treasury adds another name to the list of public companies experimenting with digital assets as part of their financial infrastructure – but without the vision or evangelism often associated with the move.
Today, Bitcoin remains a small cut of Figma balance.
