Design platform Figma revealed in a brand new SEC submitting that it owns $70 million in Bitcoin ETFs and was authorized to purchase $30 million extra.
The disclosure got here as a part of Figma’s S-1 submitting, launched alongside its bid to go public. Figma held $78.8 million in a Bitcoin exchange-traded fund (ETF) as of December 31, 2024, categorized as a Stage 1 asset. As of March 31, 2025, the worth declined to $69.5 million, which included in its $1.54 billion complete of money, money equivalents, and marketable securities.
“We have an investment in a Bitcoin exchange-traded fund,” mentioned the submitting doc. “The fair value of this investment was $69.5 million as of March 31, 2025. Changes in the fair value of this exchange-traded fund are impacted by the volatility of Bitcoin and changes in general economic conditions, among other factors.”
“On March 3, 2024, the Board of Directors approved an investment of $55.0 million into a Bitcoin exchange-traded fund (“ETF”) funding fund operated by Bitwise, Inc,” acknowledged the file. “The investment is classified as an equity security within marketable securities for the periods presented.”
On Might 8, 2025, the corporate’s board authorized an extra $30 million funding in Bitcoin. Following the approval, Figma bought $30 million value of the stablecoin USDC with plans to transform it into Bitcoin at a later date.
The submitting notes the ETF’s volatility, but additionally states no credit score losses have been recorded on the asset. Figma reported $23.8 million in unrealized positive aspects from fairness investments for the 12 months ending December 31, 2024, and $0.3 million for Q1 2024. Nevertheless, it acknowledged $9.3 million in unrealized losses for Q1 2025. Curiosity earnings from money, money equivalents, and marketable securities totaled $63.7 million in 2024 and $15.5 million in Q1 2025.
