Figma Stock Plunges 20%, Ceo Rejects Crypto Label
Figma Stock Plunges After IPO
On September 5, 2025, Figma’s stock (FIG) on the Nasdaq unexpectedly fell nearly 20%, closing at $54.56. This was a sharp decline from its peak of $122 in early August, just days after the company went public on the NYSE. The drop surprised many investors, as the company’s Q2 financial report actually showed solid growth.
Specifically, Figma’s revenue reached $249.6 million, up 41% year-over-year and slightly above analysts’ expectations. Adjusted operating income for 2025 is projected at $88–98 million, higher than the earlier market estimate of $88 million. These figures indicate that Figma’s core business remains strong, even though its stock price moved in the opposite direction.
Figma And Its Bitcoin Investment
Another key highlight from the report was Figma’s disclosure of holding approximately $91 million worth of Bitcoin through an ETF. The company began investing in Bitcoin more than a year ago, when the holding was valued at around $70 million. This move came amid a broader trend of public companies adding Bitcoin to their balance sheets as part of long-term financial strategies.
However, CEO Dylan Field clarified the company’s stance, stating: “Figma is not a Bitcoin holding company. We are a design company.” He emphasized that Bitcoin purchases were only for diversification, not part of a strategy to turn Figma into a “Bitcoin Treasury” like MicroStrategy (now renamed Strategy), which remains the world’s largest corporate holder of Bitcoin.
Focus On Design Innovation
According to Dylan Field, Figma will continue to dedicate resources to its original mission: building a collaborative design platform for product teams worldwide. The Bitcoin investment serves merely as a financial hedge, not a primary driver of the company’s growth.
For investors, this statement brought mixed reactions. Some argued Figma should leverage the crypto trend to boost stock value, while others supported the CEO’s stance of sticking to the company’s roots in design software—the foundation that made Figma one of the most innovative tech firms of the past decade.
Market Outlook
The stock’s sharp decline, despite positive earnings, reflects investor caution, especially with Bitcoin linked to its financial narrative. Nonetheless, Figma’s clear message of remaining a design-focused company shows it does not wish to be labeled as a business chasing crypto market swings. Over the long term, the market will watch whether Figma can sustain strong revenue growth and solidify its position in the global design industry.
Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.