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**Figma Discloses $70M Bitcoin Exposure via Bitwise ETF in IPO Filing, Plans Another $30M Buy**
In a recent IPO filing, design software company Figma has revealed that it holds approximately $69.5 million worth of exposure to Bitcoin via the Bitwise Bitcoin ETF (BITB). Furthermore, the company plans to invest an additional $30 million in the same fund.
As per the filing, Figma’s initial commitment of $55 million registered a significant 27% return, resulting in the current $70 million exposure. The disclosure places Bitcoin alongside money market funds, US Treasuries, and corporate bonds in Figma’s cash management mix.
Notably, this announcement marks another instance where an operating company has allocated part of its treasury to Bitcoin. With no specified timeline for converting the additional $30 million USDC tranche, it appears that Figma views Bitcoin as a strategic reserve rather than a short-term trade.
Source: cryptoslate.com
