Figma Skyrockets 198% on IPO Debut, Reveals Bitcoin Holdings
Figma shares soared 198% on their first day of trading Thursday, following the design software company’s successful IPO that raised $1.2 billion. The stock, listed under the ticker “FIG” on the NYSE, was priced at $33 per share and opened trading near $98, boosting Figma’s valuation from $20 billion to nearly $60 billion.
Ahead of its public debut, Figma disclosed a $70 million position in Bitwise’s spot Bitcoin ETF (BITB), and said it plans to invest an additional $30 million directly into bitcoin.
Although not a crypto-native firm, Figma’s exposure to digital assets signals growing interest from major tech companies in bitcoin as a reserve asset. The move could influence other Silicon Valley startups eyeing treasury diversification and inflation hedges.
Figma’s explosive IPO debut and its strategic crypto holdings put it at the crossroads of two key market narratives: tech innovation and institutional adoption of bitcoin.
