Design platform Figma revealed in a brand new SEC submitting that it owns $70 million in Bitcoin ETFs and was permitted 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.
“We’ve an funding in a Bitcoin exchange-traded fund,” stated the submitting doc. “The truthful worth of this funding was $69.5 million as of March 31, 2025. Adjustments within the truthful worth of this exchange-traded fund are impacted by the volatility of Bitcoin and adjustments on the whole financial situations, amongst different elements.”
“On March 3, 2024, the Board of Administrators permitted an funding of $55.0 million right into a Bitcoin exchange-traded fund (“ETF”) funding fund operated by Bitwise, Inc,” said the file. “The funding is classed as an fairness safety inside marketable securities for the intervals offered.”
On Might 8, 2025, the corporate’s board permitted 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 in addition states no credit score losses have been recorded on the asset. Figma reported $23.8 million in unrealized positive aspects from fairness investments for the 12 months ending December 31, 2024, and $0.3 million for Q1 2024. Nonetheless, 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.
