Key Takeaways
- Figma’s record-breaking debut saw the stock jump 250% from its IPO price on its first day of trading.
- The design software company has crypto exposure worth nearly $130 million.
- A recent SEC filing indicates the firm holds Bitcoin ETF shares and USDC.
Software company Figma has landed the hottest initial public offering (IPO) of the year, raising $1.2 billion for the stock to jump 250% on its debut.
Figma now joins the growing list of public companies with significant crypto exposure on its balance sheet, including $98 million worth of Bitcoin ETF shares.
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Figma’s Record-Breaking Debut
With shares priced at $33 apiece, Figma’s IPO raised around $1.2 billion, giving it a fully diluted market cap of roughly $20 billion.
Shares began trading on the New York Stock Exchange (NYSE) on July 31, opening at $85. After rallying throughout the day, FIG closed at $115.50, representing a 250% increase from the IPO price and nearly a $70 billion valuation.
The blockbuster debut is one for the history books.
No other IPO of over $500 million has ever clocked such a large first-day gain, which tops even Circle’s 168% price rise.
Figma Holds $98 Million BTC ETFs, $30 Million USDC
According to its S-1 filing with the U.S. Securities and Exchange Commission (SEC), Figma invested $55 million into Bitwise’s Bitcoin ETF (BITB) in March 2024. On Mar. 31, 2025, it valued this investment at $69.5 billion.
Assuming the company hasn’t sold any, as of July 1, Figma’s BITB shares are worth $98.3 billion.
In addition to Bitcoin ETF exposure, Figma disclosed that it had attained $30 billion in USDC. “The Company intends to re-invest its stablecoin holdings into Bitcoin at a later date,” the SEC filing stated.
Figma’s USDC holdings suggest the firm is prepared to acquire Bitcoin on the spot market, rather than investing in additional ETF shares.
Crypto Reserves for Serious Businesses
Figma’s record IPO is more than just a stock market milestone. It’s yet another signal that crypto is becoming a pillar of corporate finance.
With nearly $130 million in digital assets on its balance sheet, the design software firm is betting big on Bitcoin. But it isn’t loading up on debt to fund more purchases or making BTC its north star, like MicroStrategy.
Including ETFs and potentially direct exposure in the mix, Bitcoin functions as a genuine treasury asset in the traditional sense of the word, i.e., as part of a balanced and risk-adjusted investment portfolio that can weather market volatility without commandeering the company’s stock market performance.
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James Morales is CCN’s blockchain and crypto policy reporter. He has been working in the news media since 2020, writing about topics such as payments, banking and financial technology. These days, he likes to explore the latest blockchain innovations and the evolving landscape of global crypto regulation.
With an educational background in social anthropology and media studies, James uses his platform as a journalist to explore how new technologies work, why they matter and how they might shape our future.
