Design platform Figma has taken a bold step into the world of cryptocurrency, revealing a significant Bitcoin investment in its latest SEC S-1 filing. As of March 31, 2025, the company holds $69.5 million in Bitcoin exchange-traded funds (ETFs), signaling a strong belief in the long-term potential of digital assets—despite ongoing market volatility.
$69.5M in Bitcoin ETFs and a $30M Expansion Plan
Figma’s crypto journey began in March 2024, when the company invested $55 million into a Bitcoin ETF managed by Bitwise Inc. This move marked the start of a larger strategy, with the company’s board recently approving an additional $30 million for future Bitcoin purchases. In May 2025, Figma converted $30 million into USD Coin (USDC), a stablecoin, with plans to acquire more Bitcoin in the near future.
These crypto investments form part of Figma’s broader financial strategy, which includes $1.54 billion in cash and marketable securities. According to the filing, the company acknowledges the volatility of Bitcoin but also highlights that it has not incurred any credit losses from its crypto positions so far.
Financial Highlights and Market Performance
Beyond crypto, Figma reported notable financial performance across its investment portfolio. The company saw $23.8 million in unrealized gains from equity investments in 2024. However, it also recorded a $9.3 million unrealized loss in the first quarter of 2025, reflecting the unpredictable nature of financial markets.
Interest income remained a strong contributor to Figma’s bottom line, reaching $63.7 million for the full year 2024 and an additional $15.5 million in Q1 2025.
Figma’s deepening investment in Bitcoin—backed by both strategic planning and significant capital—underscores its confidence in the cryptocurrency’s future role in finance and technology. While the market continues to fluctuate, Figma appears committed to staying the course with Bitcoin as part of its long-term growth strategy.
