Figma announces its first financial report, Bitcoin holdings reach $91 million, but the stock price falls

Golden Finance reported that design collaboration software company Figma disclosed in its first financial report after its listing that its $1.6 billion cash reserve includes approximately $91 million in Bitcoin holdings. CEO DylanField stressed that the move is not to follow MicroStrategy's Michael Saylor, but is part of decentralized cash management and will not turn the company toward crypto speculation. Even though the performance exceeded expectations, Figma's stock price fell 18% on Thursday, continuing its post-IPO downward trend.