Figma Holds $70 Million in Bitwise Bitcoin ETF Shares

The digital engineering technology company Figma has just revealed in a filing submitted to the U.S. Securities and Exchange Commission (SEC) that they are holding $70 million in Bitwise Bitcoin ETF shares, and have purchased $30 million in USDC stablecoin to prepare for Bitcoin acquisition. This information was disclosed in an S-1 filing as the company prepares for an IPO. Figma's Bitcoin investment reflects a growing trend among businesses - storing Bitcoin as part of a financial strategy, similar to MicroStrategy. Specifically, on March 3, 2024, Figma's board of directors approved a $55 million investment in Bitwise's Bitcoin ETF, just under two months after the first spot Bitcoin ETFs were approved by the SEC. To date, this investment has increased in value to nearly $70 million. Additionally, on May 8, 2025, the board further approved $30 million to directly purchase Bitcoin. Figma subsequently bought 30 million USDC at $1 per token, with plans to convert these USDC to Bitcoin in the near future. As of last month, over 200 companies worldwide have incorporated Bitcoin into their corporate treasuries. Analysts suggest this reflects an increasingly fundamental demand for Bitcoin. Even Tether - the world's largest stablecoin issuer - has reported holding up to 100,000 BTC.