Figma has submitted paperwork to the SEC to go public. The San Francisco-based design software firm disclosed it held $69.5 million in spot bitcoin ETFs as of March 31. On May 8, the company’s board approved a $30 million bitcoin investment plan. As part of this move, Figma purchased an equivalent amount of USDC for conversion into bitcoin. Another Corporate Bitcoin Holder Wants to Go Public in the US Founded in 2016, Figma provides browser-based tools for real-time design collaboration. It is widely used across the tech industry for interface and product design. The company expanded rapidly over the past few years. In 2022, Adobe planned to acquire Figma for $20 billion. However, regulators in the US and Europe opposed the deal, and both parties dropped the plan in late 2023. Meanwhile, Figma’s public filing adds to a broader trend of crypto-aligned firms entering public markets. [figam bitcoin holdings]Figma Bitcoin Holdings. Source: SEC Filings Companies like Coinbase, Circle, and Robinhood have recently