Figma Announces Public Offering Using Bitcoin as Currency
In a move that signals a growing trend among tech companies, Figma, the successful design software company, has announced its intention to invest a portion of its considerable resources into Bitcoin. This strategic decision, made public earlier this year, has already proven to be a profitable one, with the price of Bitcoin rising by around 30% since Figma's investment.
Figma, which boasts a valuation of $12.5 billion, made a $55 million investment in Bitcoin ETF from Bitwise (BITB) on March 3, 2024. As of the latest reports, Figma holds Bitcoin Spot ETFs worth $69.5 million and a significant amount of stablecoin USDC, valued at $30 million, as of May 8, 2025. The company plans to convert a portion of its stablecoin holdings into Bitcoin at a later date.
The founders of Figma, Dylan Field and Evan Wallace, have not been reported to have acquired Bitcoin-Spot ETFs to finance their planned IPO, which was filed yesterday. However, it's worth noting that Tristan, the editor-in-chief at Blocktrainer.de, has been actively involved with Bitcoin since 2020. Tristan, who has a background in economics and journalism, has previously explored libertarian economic theory.
Figma's investment in Bitcoin is not an isolated incident. Companies like Tesla, Rumble, and Block are also adopting similar Bitcoin investment strategies, demonstrating a growing interest in digital currencies among tech giants.
The Bitcoin Spot ETFs have seen over $13 billion in inflows this year, absorbing around 115,000 additional BTC. This trend, coupled with Bitcoin companies purchasing approximately 240,000 BTC from the market in the first half of the year, suggests a significant shift in the financial landscape.
One notable company that has heavily invested in Bitcoin is Strategy, a business intelligence software company. Strategy holds over $60 billion in Bitcoin and has even qualified for the S&P 500 index. This investment has proven to be a lucrative move, with the company generating $45 million in profit and $228 million in revenues in the first quarter of 2024.
As Figma prepares to go public this year, it will join over 100 companies with Bitcoin on their balance sheets. This strategic move into Bitcoin is a testament to Figma's forward-thinking approach and its commitment to staying at the forefront of technological innovation.
In conclusion, Figma's investment in Bitcoin is a significant step in the growing acceptance of digital currencies by major tech companies. With Bitcoin's price on the rise and more companies following suit, it will be interesting to see how this trend unfolds in the coming months and years.
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