--- title: "Figma Discloses $91 Million Bitcoin ETF Stake In Its $1.6 Billion Treasury — As CEO Hints At 'M&A At Scale' Amid AI-Driven Margin Pressures" description: "Figma Inc. disclosed a $91 million stake in a Bitcoin ETF during its first earnings report as a public company, part of its $1.6 billion treasury. CFO Praveer Melwani noted potential margin compressio" type: "news" locale: "en" url: "https://longbridge.com/en/news/255925768.md" published_at: "2025-09-04T09:30:15.000Z" --- # Figma Discloses $91 Million Bitcoin ETF Stake In Its $1.6 Billion Treasury — As CEO Hints At 'M&A At Scale' Amid AI-Driven Margin Pressures > Figma Inc. disclosed a $91 million stake in a Bitcoin ETF during its first earnings report as a public company, part of its $1.6 billion treasury. CFO Praveer Melwani noted potential margin compression due to AI product rollouts. CEO Dylan Field expressed readiness for significant M&A, emphasizing a high bar for large acquisitions. Despite reporting $249.64 million in revenue, earnings missed estimates, leading to a 15.36% drop in after-hours stock trading, although shares initially rose 3.90% to $68.13. During its first earnings report as a publicly traded company, design tools maker **Figma Inc.** FIG revealed a surprise in its balance sheet: a sizable position in **Bitcoin** BTC/USD. *FIG is feeling the pressure from bearish momentum. Track the latest developments here.* ## Bitcoin Treasury Holdings On Wednesday, during its second-quarter earnings call, Figma’s CFO, **Praveer Melwani**, disclosed that the company held a $91 million stake in a Bitcoin exchange-traded fund, part of its $1.6 billion treasury holdings, comprising cash and marketable securities. “Within the $1.6 billion, we also held approximately $91 million in our Bitcoin exchange-traded fund,” Melwani said, and while this figure pales in comparison to the company’s $33.2 billion market cap, it joins the growing list of Bitcoin treasury companies, which maintain a significant portion of their liquidity in the digital asset. Neither Melwani nor the company addressed its Bitcoin holdings any further than this, so there is no clarity regarding what exactly the company plans to do with Bitcoin in its treasury holdings. ## Margin Compression And ‘M&A At Scale’ During the call, Melwani warned that Figma’s margins could come under pressure, as it ramps up its growing list of AI products and features. “We anticipate that we will see further gross margin compression in the near term as we roll out our AI products, including FigmaMake, and recognize increases in inference spend,” he said. “This is the largest driver of the quarter-over-quarter change in our gross margin.” Talking more about capital allocation, co-founder and CEO **Dylan Field** emphasized that the company is willing to take bold bets. “As I indicated in my founder letter, we're very willing to take big bets if we truly believe in them,” Field said. He added that for larger acquisitions, “we have a very high bar for M&A at scale.” ## Stock Plunges Amid Earnings Miss The company released its second-quarter results on Wednesday, reporting $249.64 million in revenue, up from $177.19 million a year ago and ahead of consensus estimates at $228.2 million. Earnings, however, fell significantly short of estimates at zero cents per share during the quarter, against analyst consensus of $0.18 per share. Figma shares were up 3.90% on Wednesday, closing at $68.13, but are down 15.36% after hours, following the earnings announcement. The stock scores high on Momentum in **Benzinga’s Edge Stock Rankings**, with a favorable price trend in the Medium and Long terms. Click here for deeper insights into the stock. - **Is AI ‘The New Encyclopedia’? As The School Year Begins, Teachers Debate Using The Technology In The Classroom** *Photo courtesy: M.oo / Shutterstock.com* ### Related Stocks - [FIG.US - Figma](https://longbridge.com/en/quote/FIG.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Figma 股票（FIG）在推出新的 Anthropic 集成后上涨 | Figma (FIG) 与人工智能开发公司 Anthropic 推出了名为 “Claude Code to Figma” 的新集成，允许用户将代码工作流程无缝引入 Figma，以便更轻松地进行设计编辑。此次合作旨在缓解投资者对人工智能颠覆的 | [Link](https://longbridge.com/en/news/276148903.md) | | 美股盘中速递：Figma 逆势上涨 13.42%，AI 技术助力长期增长信心增强 | Figma 涨 13.42%；Palantir Tech 跌 1.42%，成交额达到 41.48 亿美元；Strategy 跌 0.95%，成交额达到 17.71 亿美元；AppLovin 涨 2.45%，成交额达到 17.27 亿美元；S | [Link](https://longbridge.com/en/news/275494901.md) | | 报道：AI 军事用途存分歧，美国国防部接近与 Anthropic 切断关系 | 报道称，双方关系破裂源于数月来围绕美国军方如何使用 Claude 工具的激烈谈判。Anthropic 特别希望确保其人工智能不会被用于大规模监控公民，或用于开发无需人类参与即可部署的武器。美国政府方面则希望能够将 Claude 用于 “所有 | [Link](https://longbridge.com/en/news/276069534.md) | | Franklin Bitcoin ETF｜10-Q：2026 财年 Q3 营收 0 美元 | | [Link](https://longbridge.com/en/news/276171640.md) | | 机构清仓 + 强平踩踏，比特币下一站是 5 字头？ | 比特币一度逼近 6 万美元关口，分析师警告，机构正加速抛售加密资产，这或导致比特币进一步下探 4 万至 5 万美元区间。CryptoQuant 数据显示，去年同期大举买入 4.6 万枚比特币的美国 ETF 已在 2026 年转为净卖方。而 | [Link](https://longbridge.com/en/news/275123558.md) | --- > **Disclaimer**: This article is for reference only and does not constitute any investment advice.