Figma announces first earnings report, bitcoin holdings worth $91 million but share price falls
2025-09-04 20:33:42
Figma, a design collaboration software company, disclosed in its first post-IPO earnings report that its $1.60 billion cash pile includes about $91 million worth of bitcoin holdings. CEO Dylan Field stressed that the move is not a follow-up to MicroStrategy's Michael Saylor, but rather part of decentralized cash management and will not shift the company to crypto speculation. Despite the better-than-expected results, Figma's shares fell 18% on Thursday, continuing a post-IPO decline.
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