Figma collaborative design software company (FIG) expanded his bitcoin Taking into account $ 91 million in the second quarter of this year, the company revealed on Wednesday during its earnings.
The measure, revealed by the financial director Praveer Melwani, is produced as part of a cash of $ 1.6 billion larger. “Within the $ 1.6 billion, we also maintained approximately $ 91 million in our fund quoted by Bitcoin Exchange,” Melwani said.
Figma, which was made public in the New York Stock Exchange in July, has been a few years. A planned acquisition of $ 20 billion of Adobe collapsed in 2023 after regulators raised antitrust concerns. Since then, the company continued to increase its customer base, which includes 95% of Fortune 500.
Unlike some companies that have resorted to Bitcoin Holdings as a last effort to excite investors or turn away from the decrease in central companies, the Figma approach seems more conservative.
“We are not trying to be Michael Saylor here,” said CEO Dylan Field to CNBC, referring to Microstrategy co -founder, known for converting his previously sleepy software company into an important head of Bitcoin. “This is not, as, a company holding Bitcoin. It is a design company, but I think there is a place for it in the balance and as part of a diversified treasury strategy.”
Neither the increase in exposure to Bitcoin nor the feeling of the improved investors of the best income than expected, at least in the short term. Despite exceeding profit expectations, Figma’s shares fell 18% on Thursday, closing at $ 55.96. That remains above the price of the opi, but decreased approximately 50% from the frantic peak of Opi’s day.
The quiet addition of Bitcoin Figma to his treasure adds another name to the list of public companies that experience with digital assets as part of their financial infrastructure, but without the show or evangelism often associated with the movement.
For now, Bitcoin is still a small portion of Figma’s balance.
