Figma’s $91M BTC Purchase Called Distinct From Michael Saylor-Style Move

Figma Adds $91M in Bitcoin, CEO Stresses Balanced Approach

Figma (FIG) increased its bitcoin holdings to $91 million in Q2, part of a $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 conservative approach, distancing Figma from MicroStrategy-style crypto evangelism. “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 despite beating earnings expectations, roughly 50% below the IPO-day peak. Bitcoin remains a small portion of the company’s overall assets.