Figma, the widely used collaborative design platform set to go public, recently disclosed its substantial bitcoin investments in an IPO filing. Currently holding $70 million in bitcoin ETFs, the company plans to further invest $30 million in spot bitcoin.

“This is the direction companies should take,” stated Marty Bent, a notable figure in the Bitcoin community.

The stagnation in BTC prices suggests robust demand, as the price remains close to record levels despite selling pressure.

Key Points:

• Figma’s IPO filing revealed plans for significant bitcoin investment.
• The revenue of the company reached $871 million, reflecting a 49% growth year-over-year.
• Marty Bent emphasized the foresight of Figma’s management in investing ahead of its IPO.

Figma is noted for its quality and extensive use among Fortune 500 companies, indicating a trend among corporations to include bitcoin on their balance sheets. According to analyst James Check, the ongoing selling from long-term holders is significant but not indicative of market weakness, noting that the market’s resilience above the $107,000 mark is bullish.

“As more companies reveal bitcoin holdings, it will set a standard for startups,” concluded Bent.