Figma Files for IPO with $69.5M Bitcoin ETF Investment, Targets Tech-Crypto Investors

Design software giant Figma has filed for an initial public offering (IPO) and revealed a $69.5 million stake in a Bitcoin ETF, signaling its deepening involvement in the crypto space. The company plans to list on the New York Stock Exchange under the ticker symbol "FIG," offering investors a rare blend of digital design innovation and crypto exposure.

In 2024, Figma invested $55 million into the Bitwise Bitcoin ETF, which grew to $69.5 million by March 31, 2025. The company also explored stablecoins, converting a board-approved $30 million Bitcoin purchase into USD Coin instead. This move reflects a flexible treasury strategy and long-term confidence in digital assets.

Figma’s strong fundamentals further bolster investor interest. The company reported $228.2 million in Q1 2025 revenue, up 46% year-over-year, with net income rising to $44.9 million from $13.5 million. Over 1,000 enterprise clients—including Amazon, Google, Microsoft, and Netflix—spend more than $100,000 annually on Figma’s platform. Notably, more than half of its revenue comes from international markets, showcasing global appeal.

With over 13 million monthly users, including non-design professionals, Figma's wide adoption adds to its investment appeal. CEO Dylan Field emphasized that going public would drive growth through acquisitions and product expansion.

Figma’s integration of a Bitcoin ETF into its financial strategy positions it uniquely among tech IPOs. As traditional investors seek exposure to crypto without direct asset risk, FIG could emerge as a compelling choice. Although pricing and share volume details are yet to be disclosed, market anticipation is high.

As crypto ETF momentum builds—exemplified by Grayscale’s recent multi-token approval—Figma stands out as a tech IPO to watch in 2025.