Design software powerhouse Figma has filed for an IPO targeting a $16.5 billion valuation, positioning itself at the intersection of tech innovation and cryptocurrency adoption. Regulatory documents confirm the company holds $69.5 million in Bitwise Bitcoin ETF (BITB) assets. a position representing 5% of its balance sheet that has already generated $23.8 million in unrealized gains. The San Francisco-based firm further announced board approval to boost its Bitcoin exposure to $100 million, with $30 million in USDC stablecoins earmarked for BTC purchases.
This aggressive crypto strategy aligns Figma with corporate pioneers like MicroStrategy, which holds 607,000 BTC, and Japan's Metaplanet, now ranked among the world's top five corporate Bitcoin holders.
Figma simultaneously received approval to issue revolutionary "Blockchain Common Stock" a tokenized equity instrument enabling 24/7 trading and reduced settlement costs. While operational details remain under development, this initiative mirrors Coinbase's push for SEC approved tokenized securities. As a design platform, Figma could uniquely integrate visualization tools for digital assets, creating synergies between its core business and financial innovation.
The company's crypto-forward approach marks a strategic pivot following its failed $20 billion acquisition by Adobe in 2022. After antitrust regulators blocked the deal, Figma retained a $1 billion breakup fee that now fuels its independent growth trajectory. The IPO timing leverages surging investor interest in crypto integrated businesses, though Figma acknowledges risks from Bitcoin's volatility reporting $9.3 million in Q1 2025 unrealized losses during market downturns.