Summary
- Figma revealed it holds a Bitwise Bitcoin ETF worth $70 million.
- Figma announced it is pursuing a listing through an initial public offering by submitting an S-1 filing to the Securities and Exchange Commission.
- Figma additionally holds $30 million in USDC for the purpose of purchasing Bitcoin, and stated it plans to acquire the asset soon.
The digital design technology company Figma announced that it holds a Bitwise Bitcoin exchange-traded fund (ETF) product worth $70 million.
According to The Block on the 2nd (local time), Figma plans to pursue a listing through an initial public offering (IPO) by submitting an S-1 filing to the Securities and Exchange Commission (SEC), and revealed that it holds a $70 million Bitwise Bitcoin ETF.
The filing shows that while Figma has not yet purchased spot Bitcoin, it holds $30 million worth of USDC acquired for the purpose of buying Bitcoin, and it plans to make the purchase soon.
YM Lee
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