Figma announces its first financial report, Bitcoin holdings valued at $91 million but stock price fell

Huobi HTX reported that design collaboration software company Figma disclosed in its first financial report after its listing that its $1.6 billion cash reserve includes Bitcoin holdings worth approximately $91 million. CEO Dylan Field 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.