Figma's shares plummeted nearly 20% to $54.56 after its first quarterly report as a publicly traded company revealed a 41% year-over-year revenue increase to $249.6 million, which was slightly above expectations. Adjusted operating income for 2025 is projected between $88 million and $98 million. Despite holding around $91 million in Bitcoin, CEO Dylan Field emphasized that Figma is primarily a design company, not a Bitcoin treasury. This clarification comes amidst changing sentiments around corporate investments in cryptocurrencies, as numerous firms have begun purchasing Bitcoin for their reserves. Figma's share price had reached a high of $122 in August before the earnings report sparked investor concern. The company previously indicated plans to hold and potentially increase its Bitcoin investments, but reiterated that its core focus remains on design and user experience, distancing itself from the narrative that has seen other companies heavily invest in Bitcoin as part of their strategy to enhance stock value.

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