According to @FarsideUK, collaborative design tool Figma has signaled a new trend in corporate treasury management by revealing significant Bitcoin holdings ahead of its IPO. The company disclosed $70 million in Bitcoin ETF exposure and board approval to purchase an additional $30 million in spot Bitcoin (BTC), as noted in its public filing. Marty Bent, founder of TFTC, described this move as an "incredibly bullish signal," highlighting that Figma is a highly profitable and well-regarded company, unlike many previous firms announcing BTC strategies without substantial operating businesses. Bent predicts that as more successful private companies go public with BTC on their balance sheets, it will become a standard practice. Despite this strong corporate buying, Bitcoin's price, currently trading around $108,600, has remained stable due to intense selling pressure. Analyst James Check estimated that selling from long-term holders peaked at 40,000 BTC per day, suggesting the market's ability to absorb this volume without a significant price drop is a strong indicator of underlying strength.

According to @StockMKTNewz, Figma has appointed Morgan Stanley to lead its planned IPO later this year, as reported by Bloomberg. This move signals increasing institutional confidence in tech IPOs, which historically drive liquidity into adjacent sectors such as crypto, especially design-related tokens and Web3 projects. Traders should monitor Figma's IPO progress for potential capital flow shifts and sector rotation that could impact both the stock and cryptocurrency markets. Source: @StockMKTNewz via Bloomberg.