Figma’s Bitcoin ETF Investment: A Closer Look at Portfolio Allocation
Leading design platform Figma has recently provided clarity on its digital asset holdings, offering insight into its corporate treasury strategy.
Details on Figma’s Bitcoin ETF Position
In an announcement made on Tuesday, the company disclosed its current investment in a Bitcoin exchange-traded fund (ETF). This specific holding is valued at $69.5 million, signifying a considerable allocation towards the volatile yet potentially rewarding crypto market.
Impact on Figma’s Cash and Securities Portfolio
Figma further elaborated on the proportion this Bitcoin ETF holding occupies within its overall financial assets. The $69.5 million investment in the Bitcoin ETF now constitutes 4.5% of the company’s entire cash and securities portfolio. This revelation highlights Figma’s deliberate step towards integrating digital assets into its treasury management framework.
