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Design software giant Figma has filed to go public on the NYSE while disclosing a $55 million investment in a Bitcoin ETF. The move marks a surprising pivot into digital assets for the company as it prepares for its market debut.
- Figma disclosed a $55 million investment in a Bitwise Bitcoin ETF, which grew to $78.8 million before declining to $69.5 million due to market volatility.
- The company plans to invest an additional $30 million in Bitcoin using its USDC stablecoin reserves, signaling growing corporate interest in crypto assets.
- Figma's IPO follows the collapse of Adobe's $20 billion acquisition attempt, which was blocked by EU and UK regulators in 2023.
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