Figma Invests in Bitcoin via ETF as part of Diversification Strategy

Figma has allocated $91 million from its $1.6 billion cash reserves to a Bitcoin ETF, marking a strategic diversification effort within their treasury strategy. The move reflects the company’s intention to integrate Bitcoin into its financial framework without disrupting its core design operations. CEO Dylan Field clarified that this allocation doesn’t signify a shift towards Bitcoin-centric endeavors for Figma, emphasizing the decision’s alignment with existing regulations and investor risk assessment.