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Figma Becomes Latest Bitcoin-Holding Firm to File for IPO

Figma, a collaborative design software company, has filed documentation with the U.S. Securities and Exchange Commission (SEC) to begin the process of going public. The San Francisco-based firm reported holding $69.5 million in spot Bitcoin ETFs as of March 31.

On May 8, Figma’s board of directors approved a $30 million Bitcoin investment plan. As part of this strategy, the company purchased an equivalent amount of USDC with the intention to convert it into Bitcoin.

Founded in 2016, Figma offers browser-based tools for real-time interface and product design collaboration. The platform is widely used in the tech industry.

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