20:33
Figma released its first financial report, Bitcoin holdings reached 91 million USD but the stock price fell.
Golden Finance reported that design collaboration software company Figma disclosed in its first earnings report after going public that its $1.6 billion cash reserve includes approximately $91 million in Bitcoin holdings. CEO Dylan Field emphasized that this move is not a copy of MicroStrategy's Michael Saylor, but rather a part of diversifying cash management and will not turn the company towards encryption speculation. Despite surpassing expectations, Figma's stock price fell 18% on Thursday, continuing the downward trend since its IPO.
BTC-1.56%