Cautious bet on crypto
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Why the 938 BTC figure is off
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Part of a wider shift
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Ending
But the ending is not a section, just a final paragraph. We need to ensure word count. I'll write a longer version. Let me craft: Lead: Figma holds Bitcoin ETF exposure worth approximately $91 million, a figure that corrects an earlier claim the company owned 938 BTC directly. The circulating number is wrong, and the design software firm's actual crypto position sits in exchange-traded funds rather than raw bitcoin. Section 1:Cautious bet on crypto
Figma's approach is deliberate. Instead of buying and holding bitcoin, the company has opted for ETF exposure. That's a way to get the upside of crypto without the operational baggage of custody. The strategy balances liquidity and regulatory clarity — two things that direct ownership doesn't always offer. For a company whose core business is design tools, that balance matters.
ETFs trade on traditional exchanges, settle through standard rails, and fall under familiar disclosure rules. Direct holdings mean managing private keys, dealing with custodians, and navigating a patchwork of regulations that shift by jurisdiction. The choice of ETFs over coins signals a preference for simplicity and compliance.
Section 2:Why the 938 BTC figure is off
The number has been floating around in crypto circles. It's not accurate. Figma's actual exposure is the ETF stake, worth about $91 million. The distinction is more than cosmetic. Direct holdings show up on-chain and come with their own tax and reporting requirements. ETF holdings trade like stocks, settle through traditional rails, and fall under standard disclosure rules. For shareholders and regulators, that's a different risk profile entirely.
The correction matters because the 938 BTC figure implied a much larger, more unwieldy position than what Figma actually holds. At current prices, 938 BTC would be worth
