Figma Adds $91M in Bitcoin, CEO Highlights Cautious Strategy
Figma (FIG) expanded its bitcoin holdings to $91 million in Q2, part of a broader $1.6 billion cash reserve, the company revealed during Wednesday’s earnings call. CFO Praveer Melwani confirmed the allocation is held through a bitcoin ETF.
CEO Dylan Field emphasized a measured approach, distancing Figma from aggressive corporate crypto plays. “We’re not trying to be Michael Saylor here,” Field told CNBC. “This is a design company, but bitcoin has a place on the balance sheet as part of a diversified treasury strategy.”
Shares fell 18% Thursday to $55.96, roughly 50% below the IPO-day high, despite beating earnings expectations. Bitcoin remains a minor portion of Figma’s balance sheet.
