Figma Inc. made a remarkable debut on Wall Street, with its IPO shares surging 233% above the $33 offering price. The design software company disclosed a strategic investment in cryptocurrency, allocating $69.5 million to a Bitcoin ETF and $30 million to USDC stablecoin, with plans to convert the latter into Bitcoin. This positions Figma as a pioneer among major tech IPOs in integrating crypto into its treasury management.
The IPO raised over $1.2 billion, valuing Figma at up to $19 billion. Despite a $732 million loss in 2024, the company reported a 46% year-over-year revenue increase in Q1 2025. CEO Dylan Field highlighted the importance of maintaining focus post-IPO, while analysts lauded Figma's crypto strategy as innovative and forward-thinking.
Figma's IPO Soars 233% with $100M Crypto Investment
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