Design firm Figma has invested tens of millions in Bitcoin ETFs and stablecoins.
- Figma holds $70 million in Bitcoin ETFs through Bitwise.
- The company plans to convert $30 million in USDC into Bitcoin.
- Corporate interest in crypto holdings is rising globally.
Figma Invests Through Bitcoin ETF
Figma recently shared in a public filing that it owns $70 million in shares of a Bitcoin ETF. The investment was made through the Bitwise Bitcoin ETF (BITB) and began on March 3, 2024. By March 31, the value had increased by 26%, giving Figma an unrealized gain. This investment is part of the company’s plan to include digital assets in its long-term growth strategy.
Company Plans to Buy More Bitcoin
Figma’s board of directors approved an extra $30 million purchase in Bitcoin on May 8, 2025. To do this, the company bought $30 million worth of USD Coin (USDC), a stablecoin that matches the value of the U.S. dollar. They plan to use this USDC to buy Bitcoin soon, according to the filing.
Why This Matters for Companies
Bitwise CEO Hunter Horsley said he supports Figma’s moves. He pointed out that Figma now holds 5% of its balance sheet in Bitcoin. He also added that more companies will start doing the same. This comes at a time when other large firms are also adding Bitcoin to their treasury reserves.
Other Companies Join the Trend
The trend of buying crypto as part of corporate savings is growing. On June 24, Strategy, formerly known as MicroStrategy, announced a $531 million Bitcoin purchase. Metaplanet, a firm in Japan, bought $108 million worth of Bitcoin this week, bringing its total holdings higher than several major companies. Ethereum is also gaining attention. BitMine Immersion Technologies raised $250 million to start an ETH treasury fund.
Source: cointelegraph.com
