Figma IPO Don Launch Wit $70M Bitcoin ETF Stake And $30M USDC Buy Facility

Design software leader Figma don file dia S-1 registration to list for NYSE under ticker “FIG,” after dem get secondary valuation for $12.5 billion for 2024. Di company show say dem Q1 2025 revenue reach $228 million (wey increase 46% year-on-year) and full year 2024 revenue na $749 million, because di subscription model and international expansion. As part of strategic treasury move, Figma talk say dem get $69.5 million for Bitwise Bitcoin ETF (BITB), wey be 4.5% of dia $1.54 billion cash and securities portfolio as of March 31, 2024—dem increase am from dia first $55 million equity wey dem approve for March 2023. Even though dem get unrealized loss of $9.3 million by dat time, di ETF don give 26% gain since den. To increase crypto exposure, di board don ok make dem convert $30 million USDC stablecoins into more Bitcoin ETF shares, dem dey use regulated fund to reduce custody risk. Founder Dylan Field still get pass 75% voting control and plan aggressive AI investments and acquisitions after IPO. Traders suppose sabi say Figma move na sign say corporate demand for Bitcoin assets dey grow, and e fit make bullish market for BTC strong.