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 Degree 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.
“Now we have an funding in a Bitcoin exchange-traded fund,” stated the submitting doc. “The honest worth of this funding was $69.5 million as of March 31, 2025. Adjustments within the honest worth of this exchange-traded fund are impacted by the volatility of Bitcoin and modifications normally financial situations, amongst different elements.”
“On March 3, 2024, the Board of Administrators authorized an funding of $55.0 million right into a Bitcoin exchange-traded fund (“ETF”) funding fund operated by Bitwise, Inc,” acknowledged the file. “The funding is classed as an fairness safety inside marketable securities for the durations offered.”
On Could 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 beneficial properties from fairness investments for the yr ending December 31, 2024, and $0.3 million for Q1 2024. Nevertheless, it acknowledged $9.3 million in unrealized losses for Q1 2025. Curiosity revenue from money, money equivalents, and marketable securities totaled $63.7 million in 2024 and $15.5 million in Q1 2025.
