The design software company Figma disclosed in a regulatory document that it owned shares worth nearly $70,000,000 in Bitcoin exchange traded funds, and had set aside $30,000,000 in stablecoins as a reserve to purchase Bitcoin.
Figma filed On Tuesday, the Securities and Exchange Commission allowed the New York Stock Exchange to list the ticker symbol on its New York Stock Exchange. “FIG,” You will need to provide documentation detailing your company’s current financial status.
In the filing Figma stated that it invested $55 millions into Bitwise Bitcoin ETFs on March 3, 2020. The value was $69.5 Million with an unrealized gain of 26% at the end of March 31.
Figma is offering stablecoins worth $30 million for Bitcoin purchases
Figma also said that it holds USDC stablecoin worth $30 million.USDCThe company intends on using the funds to purchase Bitcoin.
“On May 8, 2025, the Board of Directors approved an investment of $30.0 million in Bitcoin. Subsequently, the Company purchased 30.0 million USD Coin (USDC), a stablecoin, for $1 per USDC totaling $30.0 million,” The filing is titled. “The Company intends to re-invest its stablecoin holdings into Bitcoin at a later date.”
Related: FATF warning on stablecoin crimes is not anti-crypto, intel firms say
Bitwise CEO Hunter Horsley applauded Figma, for holding 5% its total balance in Bitcoin.
“More and more corporations are going to own Bitcoin as part of their treasury,” He also added.
Adobe fails to acquire Figma
Adobe, a Nasdaq design software firm, wanted to buy Figma in 2022 for $20 billion. However, both the European Commission and UK Competition and Markets Authority rebuffed the purchase because they were worried that Adobe might form a monopsony and believed the price was too high.
Adobe was forced to pay Adobe for the cancellation of this transaction in December 2023. pay Figma will pay $1 billion as reverse termination fees.
Crypto reserves continue to grow at a rapid pace
In recent months, the demand from companies for crypto to be held in their treasury reserve has increased.
The company, Strategy (formerly MicroStrategy), announced on Monday that it has purchased BTC worth $531 millionIts holdings have risen to 597 BTC.
Metaplanet is a Japanese Bitcoin-treasury company that bought 1,005 BTC for $108 millionCleanspark is now the 5th largest corporate Bitcoin holder.
Bitcoin isn’t the only thing that companies are accumulating. Many have begun to accumulate ETH in their treasury.
BitMine Immersion Technologies has announced that they have raised a record amount of money. $250 million via private placement Jumpstart the Ether Treasury.
Magazine: Bitcoin ‘bull pennant’ eyes $165K, Pomp scoops up $386M BTC
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Source: cointelegraph.com
