Figma Stock Explodes 198% on IPO Debut; Holds $70M in Bitcoin ETF
Design software maker Figma (NYSE: FIG) surged 198% on its first trading day, following a $1.2 billion initial public offering that has quickly become one of the year’s standout tech listings.
Shares were priced at $33 for Wednesday’s IPO, valuing the company at roughly $20 billion. But strong investor demand sent the stock soaring to $98 in early Thursday trading, lifting its market capitalization closer to $60 billion.
In a notable disclosure ahead of the listing, Figma revealed it holds around $70 million in Bitwise’s spot bitcoin ETF (BITB), with plans to increase its crypto exposure by purchasing an additional $30 million in bitcoin.
While Figma operates outside the digital asset sector, its decision to allocate a portion of its treasury to bitcoin could prompt similar moves among other high-growth tech firms. The combination of strong equity market interest and crypto exposure positions Figma at the intersection of two of today’s most closely watched investment trends.
Though not a crypto company per se, Figma’s bitcoin strategy highlights the growing role digital assets are beginning to play in corporate finance — particularly within forward-looking Silicon Valley firms.
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