US Tech Giant Files for IPO: Major Bitcoin Plans Revealed!

The San Francisco-based cloud-based design platform Figma has officially submitted its IPO application to the U.S. Securities and Exchange Commission (SEC).

The company submitted its Form S-1 application to the SEC today. According to the data included in the application, Figma has approximately $69.5 million in spot Bitcoin ETF assets as of March 31, 2025.

This move is seen as an indication of the company's strategic interest in digital assets, while the Figma board approved a new BTC investment plan of 30 million dollars with a decision made on May 8, 2025. In this context, an equivalent amount of USDC was purchased and it was planned to convert these assets into Bitcoin.

In the context of the public offering, Figma plans to list Class A common stock on the New York Stock Exchange under the symbol "FIG" for both itself and for existing shareholders participating in the sale. The company currently does not have a history of being publicly traded.

In the statements made, Figma's shares were organized into three different classes:

• Class A: One vote per share,
• Class B: 15 votes per share (Convertible),
• Class C: Shares without voting rights ( with limited conversion rights ).

It has been reported that the majority of voting rights after the public offering will remain with the company's CEO and co-founder Dylan Field. Field will hold a large portion of the voting power thanks to the proxy granted to him by other co-founder Evan Wallace and the Wu-Wallace Family Foundation.