Figma‘s shares plunged nearly 20% to $54.56 on Thursday after the company published its first quarterly report as a public company and disclosed a material Bitcoin position. The drop follows a peak near $122 in early August, shortly after the NYSE listing.
On the financial front, Figma reported revenue growth of 41% year‑over‑year to $249.6 million, modestly beating expectations. Management set 2025 adjusted operating income guidance at $88–$98 million.
The company also disclosed in an SEC filing that it holds roughly $91 million in Bitcoin, up from an ETF position announced in July that was then valued near $70 million. CEO Dylan Field told CNBC the business remains focused on design and emphasized “This is not a Bitcoin holding company. It’s a design company.”
Figma says the crypto was purchased as a diversification hedge rather than as part of a MicroStrategy‑style treasury play. Still, the confirmation of a sizable corporate crypto position likely contributed to the stock volatility as investors digested earnings, guidance and new balance-sheet exposure to Bitcoin.
Why this matters: corporate Bitcoin allocations can amplify share-price swings and change how analysts model risk and upside for a company. For firms and investors alike, adding crypto introduces additional market and regulatory risk that should be considered alongside operational performance.
Risk note: This article is for information only and not investment advice. Corporate crypto holdings can increase price volatility and regulatory scrutiny—investors should do their own research.
Source: Decrypt. Read the original coverage for full details.