Figma’s $1.25B IPO Reveals $69.5M Bitcoin ETF Stake—A Quiet Revolution in Cash Management

The Dry River of Liquidity

I still remember the night I first saw the S-1 filing—not as a corporate document, but as a poem written in hash rates. Figma, the design tool that changed how we think about interfaces, now holds $69.5 million in BITB: a Bitcoin ETF structured not for trading, but for surviving.

Liquidity doesn’t flow here like water. It flows like a river slowly drying under the weight of old financial systems. And yet, they bought it—not with panic, but with patience.

The Boardroom That Dreamed in Code

On March 3rd, 2024, the board approved $55M more—not to hedge risk—but to store value beyond USD. USDC? A stable coin? No—it was always meant to be digital soil for future growth.

This isn’t about portfolio diversification. It’s about reimagining cash as something sacred—something that breathes when the markets sleep.

Why This Matters More Than Markets

We call it ‘ETF’ because we need labels for things we can touch. But Figma didn’t buy tokens—they planted seeds. They didn’t trade volatility—they cultivated stillness. And now—the river is drying—but the roots are deepening.

I wonder if anyone else sees this: that finance is no longer about balance sheets… it’s about silence between blocks.