Figma Bets Big on Bitcoin: $70M Bitwise ETF Play in IPO Filing, Eyes $30M More
Design giant Figma just dropped a crypto bombshell in its IPO paperwork—revealing a $70 million Bitcoin position through Bitwise's ETF. And they're not done yet.
The Bitcoin Gambit
The company's S-1 filing shows a full-throated embrace of crypto, allocating nearly 10% of its cash reserves to Bitcoin exposure. Another $30 million purchase is already in the pipeline.
Wall Street Meets Crypto
Figma's move mirrors MicroStrategy's playbook—using corporate treasury funds to chase Bitcoin's upside. The Bitwise ETF choice suggests a preference for regulated exposure over cold storage.
The Cynic's Take
Nothing says 'bull market' like companies using shareholder money to gamble on volatile assets. At least they didn't buy the top... probably.
This could spark a wave of tech IPOs flaunting crypto holdings as growth catalysts. Whether that's visionary or reckless depends entirely on Bitcoin's next move.
