Figma Adds $91M in Bitcoin, CEO Highlights Conservative Strategy
Figma (FIG) expanded its bitcoin holdings to $91 million in Q2, part of a $1.6 billion cash reserve, the company disclosed during Wednesday’s earnings call. CFO Praveer Melwani confirmed the allocation is held through a bitcoin ETF.
CEO Dylan Field stressed that Figma’s approach is measured and not aimed at turning the company into a crypto evangelist like MicroStrategy. “We’re not trying to be Michael Saylor here,” Field told CNBC. “This is a design company, but there’s a place for bitcoin on the balance sheet as part of a diversified treasury strategy.”
Figma went public on the NYSE in July following a canceled $20 billion acquisition by Adobe. The company serves 95% of the Fortune 500.
Despite beating earnings expectations, shares fell 18% Thursday to $55.96, about 50% below the IPO-day peak. Figma’s bitcoin exposure remains a small portion of its overall balance sheet.
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