Figma has disclosed in its IPO filing that it possesses approximately $70 million in Bitcoin exchange-traded funds (ETFs) and has allocated $30 million in USDC to acquire Bitcoin. The design software company filed with the Securities and Exchange Commission (SEC) to go public on the New York Stock Exchange under the ticker symbol 'FIG.' The filing indicates that Figma invested $55 million in the Bitwise Bitcoin ETF earlier this year, showing an unrealized profit of 26% as of the end of March. Additionally, the company plans to reinvest its USDC holdings into Bitcoin at a future date. The trend of companies increasing their crypto reserves is growing, with Figma expressing interest in following others like MicroStrategy and Japanese firm Metaplanet in holding Bitcoin as part of their treasury. Notably, Figma previously faced a failed acquisition by Adobe, which was blocked due to antitrust concerns, leading to a significant fee payable to Figma.

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