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Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC! https://x.com/tier10k/status/1940133141546770454 https://x.
by giacaglia 1y ago
Its S-1 shows $70M held in Bitcoin ETFs, and board approval for another $30M BTC purchase via USDC!
https://x.com/tier10k/status/1940133141546770454 https://x.com/tier10k/status/1940133141546770454
- boredatoms 1y agoThats pretty weird, you’d think they would offload things like that to not spook investors
- rib3ye 1y agoIt says more about Bitcoin than it does Figma.
- diggan 1y ago> they would offload things like that to not spook investors Judging by the amount of fairly traditional companies holding Bitcoins, it would seem like holding Bitcoin is no longer spooky. I guess it makes sense when the financial environment is slowly turning into one without any regulations, Bitcoin will thrive in that sort of market.
- deleted 1y ago[deleted]
- cluckindan 1y agoOh, so that’s why they’re taking it public: they are turning the company into a crypto investment fund which just happens to provide a SaaS design tool.
- drexlspivey 1y agoIt’s the other way around, they bought some bitcoin because they are going public for the meme stock value.