Figma Joins Bitcoin IPO Wave: Design Giant Bets Big on Crypto in Public Debut
Another tech heavyweight is cashing in—and doubling down. Figma just filed its IPO paperwork, revealing a treasury stacked with Bitcoin alongside its design empire. The move cements crypto’s creeping legitimacy in corporate balance sheets… and Wall Street’s desperate hunt for the next shiny thing.
Why now? The filing drops as institutional FOMO hits fever pitch. MicroStrategy’s been screaming ‘hyperbitcoinization’ for years—now even risk-averse SaaS companies are playing digital gold rush. Figma’s not disclosing exact holdings (classic), but the signal’s clear: hodling is the new hedging.
The cynical take? This reeks of IPO seasoning. Nothing spices up a prospectus like crypto buzzwords when tech valuations need rocket fuel. But love it or hate it, the trend’s undeniable: Bitcoin’s gone from darknet relic to boardroom asset. Just don’t ask the SEC to cheer.
Another Corporate Bitcoin Holder Wants to Go Public in the US
Founded in 2016, Figma provides browser-based tools for real-time design collaboration. It is widely used across the tech industry for interface and product design.
The company expanded rapidly over the past few years. In 2022, Adobe planned to acquire Figma for $20 billion.
However, regulators in the US and Europe opposed the deal, and both parties dropped the plan in late 2023.
Meanwhile, Figma’s public filing adds to a broader trend of crypto-aligned firms entering public markets.
Companies like Coinbase, Circle, and Robinhood have recently outpaced most altcoins in year-to-date performance.
Last week, Coinbase stock surged to an all-time high of $380, marking a 53% increase since January. Circle shares gained 10% as investors continue to bet on its growth after its public listing.
MicroStrategy, known for its large Bitcoin reserves, has also rallied. Its shares are up 25% this year.
Analysts now estimate a 91% chance it could be added to the S&P 500, based on projected earnings and Bitcoin’s support level holding at $95,240.
Figma’s filing reflects a wider shift where public companies see Bitcoin as a strategic reserve asset. As more firms disclose crypto positions, investors are responding with strong interest.
Overall, it’s becoming an interesting trend that US publicly listed companies are increasingly shifting to invest in Bitcoin and hold it as a treasury asset.
While there are concerns about centralization and large corporate holders driving price movements, this is another clear signal of institutional acceptance.
