Design software firm Figma has formally filed its S-1 registration with the U.S. Securities and Exchange Commission (SEC), a step towards becoming a publicly traded company. The filing gives us a glimpse at Figma’s finances and shows its increasing interest in Bitcoin.
The company plans to list its stock on the New York Stock Exchange under the symbol “FIG.” Shares outstanding and the proposed price range have not been disclosed, and the timing of the IPO will be based on market conditions.
As of March 31, 2025, Figma’s S-1 filing indicates that the company has approximately $69.5 million in spot Bitcoin ETFs. This shows that the design giant already has a major stake in BTC via regulated investment products.
According to the same document, on May 8, 2025, Figma’s Board of Directors approved an additional $30 million investment into Bitcoin. Rather than buying it immediately, they first purchased $30 million worth of USD Coin (USDC). The company plans to convert this USDC into Bitcoin at a later date.
As per the same report, on May 8, 2025, the Board of Directors of Figma agreed to invest another $30 million in Bitcoin. Instead of spending it at once, they first bought $30 million worth of USD Coin (USDC). The firm will later exchange this USDC for Bitcoin.
Figma’s IPO is among the most anticipated in years, especially after a long dry spell in tech public offerings. Other recent IPOs like Circle, Chime, Hinge Health, and CoreWeave have reignited investor interest. Wall Street banks, including Morgan Stanley, Goldman Sachs, Allen & Co., and JPMorgan, are leading the Figma deal.
In its filing, Figma acknowledged “intense competition” but didn’t name specific rivals. With strong earnings, customer growth, and solid reserves, the company appears well-positioned for the public markets.
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