Design software company Figuma revealed in a regulatory filing that he owns nearly $70 million in stock in Bitcoin exchange trade funds, securing $30 million in stubcoin to buy Bitcoin.
Figma filed with the Securities and Exchange Commission on Tuesday to make the New York Stock Exchange public under the New York Stock Exchange “Figure.”
According to the filing, Figma invested $55 million in the Bitwise Bitcoin ETF (BITB) on March 3, 2024, valued at $69.5 million, earning an unrealized profit of 26% as of the quarter ended March 31.
Figma has $30 million Stablecoins for Bitcoin Buys
Figma said it also holds $30 million worth of Stablecoin USDC (USDC), which is intended to be used to purchase Bitcoin.
“On May 8, 2025, the board approved a $30 million investment in Bitcoin. The company subsequently purchased US$30 million coins (USDC) for $1 per dollar, totaling $30 million. “The company plans to reinvest stubcoin holdings in Bitcoin at a later date.”
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Bitise CEO Hunter Horsley praised Figma for holding 5% of the balance sheet in Bitcoin.
“A growing number of companies will own Bitcoin as part of the Treasury Department,” he added.
Adobe’s failure to acquire Figma
In 2022, Adobe, a design software giant registered with NASDAQ, was about to acquire Figma for $20 billion. However, the European Commission and the UK Markets Bureau have knocked back on deals over concerns that Adobe formed a monopoly and the contract was overvalued.
The transaction was cancelled in December 2023, and Adobe had to pay Figma $1 billion in cash as a reverse termination fee.
Companies continue to increase their crypto reserves
Requests from companies to keep crypto in their respective Treasury reserves have been rising in recent months.
On Monday, the previous MicroStrategy strategy revealed it had purchased $531 million worth of BTC, increasing its holdings to 597,000 BTC.
Meanwhile, Japan’s Bitcoin Treasury Metaplanet purchased 1,005 BTC for $108 million, which surpassed Clean Spark and became Bitcoin’s fifth largest corporate holder.
Bitcoin is not the only asset that has swarmed up as businesses are beginning to accumulate ETH for Treasury reserves.
Mining company Bitmine Immersion Technologies has announced that it has raised $250 million through privately owned arrangements to jumpstart the Ether Treasury Department.
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