Figma Makes Explosive Market Entry With 198% Jump, Bets Big on Bitcoin ETF

Figma Soars 198% on IPO Debut, Unveils $100M Bitcoin Allocation

Design software firm Figma made a blockbuster market debut Thursday, with shares surging 198% in its first trading session on the New York Stock Exchange. The company raised $1.2 billion in its initial public offering, pricing shares at $33 under the ticker “FIG,” valuing the firm at approximately $20 billion. By early Thursday trading, shares were changing hands at $98, pushing Figma’s implied valuation to nearly $60 billion.

Beyond the IPO excitement, Figma has also drawn attention for its bitcoin holdings. The company previously disclosed ownership of $70 million in Bitwise’s spot Bitcoin ETF (BITB), with plans to allocate an additional $30 million directly into bitcoin.

While not a crypto-native firm, Figma’s embrace of digital assets could pave the way for other tech companies considering bitcoin as a strategic reserve. The move highlights a growing intersection between Silicon Valley and the digital asset market, particularly as corporate treasuries seek alternatives amid macroeconomic uncertainty.

Figma’s dual positioning—as both a high-growth software company and a quiet crypto accumulator—marks one of the more notable tech IPOs of the year.