Figma’s Stock Skyrockets 198% Post $1.2B NYSE Debut—Bitcoin Bets Fuel the Frenzy

Figma just pulled off the IPO of the year—and Bitcoin's fingerprints are all over it.

The design platform's shares exploded 198% on its first trading day after raising $1.2 billion on the NYSE. While enterprise SaaS growth drove fundamentals, insiders whisper its crypto treasury strategy gave Wall Street that addictive whiff of 'moon potential.'

Bullish or reckless? Either way, Figma's now the poster child for Web2.5—where traditional finance and crypto holdings collide. The company reportedly allocated a portion of its war chest to Bitcoin during the 2024 dip, a move that's now paying off spectacularly as institutional investors chase any asset with crypto coattails.

Analysts remain divided: 'This proves crypto's maturing role in corporate balance sheets,' claims one Goldman managing director. 'No—it proves greater fools still roam the earth,' counters a short-seller already positioning for the inevitable correction.

One thing's certain: In 2025's market, you haven't really IPO'd until your S-1 includes a 'digital assets' section and bankers start whispering 'HODL' in investor meetings.