Collaborative design software company Figma (FIG) has expanded its Bitcoin holdings to $91 million as revealed in its latest earnings report. This decision is part of a broader $1.6 billion treasury strategy, according to Chief Financial Officer Praveer Melwani. He stated, “Within the $1.6 billion, we also held approximately $91 million in our bitcoin exchange-traded fund.”

Figma went public recently, facing challenges, including the cancellation of a proposed $20 billion acquisition by Adobe amid antitrust concerns. While the company maintains a solid customer base consisting of 95% of Fortune 500 companies, its shares saw a decline of 18% despite exceeding earnings expectations.

CEO Dylan Field distanced Figma’s crypto strategy from extreme speculations, emphasizing, “We’re not trying to be Michael Saylor here.” This highlights their intent to integrate Bitcoin into a diversified treasury approach rather than transforming Figma into a Bitcoin-centric enterprise.

Despite the modest addition of Bitcoin to its treasury, the investment represents a cautious step forward in how public companies are embracing digital assets without the associated spectacle.