Figma Expands Bitcoin Holdings to $91 Million in Q2

Figma (FIG) reported an expansion of its bitcoin (BTC) holdings to $91 million during Q2, as disclosed in its earnings call.

The company's total cash position is $1.6 billion.
CFO Praveer Melwani confirmed the bitcoin is held in an exchange-traded fund.
Figma went public on the New York Stock Exchange in July.
A planned $20 billion acquisition by Adobe failed due to antitrust concerns.
95% of Fortune 500 companies are part of Figma's customer base.
CEO Dylan Field emphasized a conservative approach to bitcoin investment, differentiating from aggressive holders like MicroStrategy.
Despite beating earnings expectations, Figma shares fell 18%, closing at $55.96, down about 50% from the IPO peak.
Bitcoin represents a small portion of Figma's overall balance sheet.

This addition to Figma’s treasury reflects a cautious exploration of digital assets by public companies.