The Figma design software company revealed in a filing regulation that it owns about $ 70 million worth of sharing with funds exchanged by the Bitcoin exchange and set aside $ 30 million in Stablecoins to buy Bitcoin.
Figma Filed Using the Securities and Exchange Commission on Tuesday to go public to the New York Stock Exchange under the ticker symbol “Fig,” along with papers detailing the current financial company position.
The filing said Figma invested $ 55 million in Bitwise Bitcoin ETF (BITB) on March 3, 2024, and its value stood for $ 69.5 million with an uncertain income of 26% to the quarter completed on March 31.
Figma has $ 30 million in Stablecoins for the purchase of Bitcoin
Figma said it also holds $ 30 million worth of Stablecoin USDC (USDC), which it plans to use to buy Bitcoin.
“On May 8, 2025, the Board of Directors approved an investment of $ 30.0 million in Bitcoin. Subsequently, the company bought a 30.0 million USD coin (USDC), a stablecoin, for $ 1 per USDC worth $ 30.0 million,” the reading of the filing. “The company aims to re -invest the Stablecoin Holdings in Bitcoin someday.”
Related: FATF warning to Stablecoin crimes is not anti-crypto, Intel companies say
Bitwise CEO Hunter Horsley Pinalakppap Figma for handling 5% of its Bitcoin balance.
“More and more corporations will have bitcoin as part of their ark,” he added.
Adobe’s figo has failed to get
In 2022, the Nasdaq listed in the design of the giant Adobe giant looked to get a figma of $ 20 billion; However, the European Commission and the UK Competition and Markets Authority have knocked on the deal with concerns that Adobe will develop a monopoly and that the deal will be very appreciated.
The transaction was called in December 2023, with Adobe Pay $ 1 billion cash in figma as a reverse fee fee.
Companies continue to increase their crypto reserves
Demand from companies to hold crypto in their Treasury reserves has increased in recent months.
On Monday, the approach, former microstrategy, revealed that it was purchased BTC is worth $ 531 millionIt strengthened its holdings to 597,000 BTC.
Meanwhile, Japanese Bitcoin Treasury Firm Metaplanet bought 1,005 BTC for $ 108 millionThus exceeds Cleanspark to be the fifth largest Bitcoin corporate holder.
Bitcoin is not just the assets corporations are gathering, as companies have begun to accumulate ETH for their treasury reserves.
The mining firm Bitmine Immersion Technologies has announced that it has raised $ 250 million by private placement to jump its ether ark.
Magazine: The eyes of Bitcoin ‘Bull Pennant’ $ 165k, POMP SCOOPS UP $ 386M BTC
