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giacaglia | 8 months ago

Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC!

https://x.com/tier10k/status/1940133141546770454

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cluckindan|8 months ago

Oh, so that’s why they’re taking it public: they are turning the company into a crypto investment fund which just happens to provide a SaaS design tool.

drexlspivey|8 months ago

It’s the other way around, they bought some bitcoin because they are going public for the meme stock value.

boredatoms|8 months ago

Thats pretty weird, you’d think they would offload things like that to not spook investors

diggan|8 months ago

> they would offload things like that to not spook investors

Judging by the amount of fairly traditional companies holding Bitcoins, it would seem like holding Bitcoin is no longer spooky. I guess it makes sense when the financial environment is slowly turning into one without any regulations, Bitcoin will thrive in that sort of market.

nipponese|8 months ago

It says more about Bitcoin than it does Figma.