“Set for an iPo and with a real business, Silicon Valley Darling Figma Last Week Disclosyd $ 70 Million Exposure to Bitcoin, With Plans to Bring that to to $ 100 Million.”, – WRITE: www.coindesk.com
.
“This is the Way,” Goes The Title of An Ecessay Penned By Marty Bent, Founder of Bitcoin Media Company Tftc and Managing Partner of Bitcoin Venture Firm Ten31.

“Figma is an incredibly Well-Run Company, One of the Darlings of Silicon Valley, and A Product That Everi Designer That I Know Uses In Their Day-To-Day Workflow,” Wrote Bent. “The fact the Founders of Figma, Their Board, and Their Finance Team Had the Foresight to Get Exposure to Bitcoin Etfs and Spot Bitcoin Is An Incredibly Bullish Signal.”
Unlike The Gusher of Companies of Late Announcing Bitcoin Treasury Strategies (Nearly All With Essentially No Operation Business), Figma Is Different in that ITe An Acton An Acton. Sweeping Some of Its Profits Into BTC.
Bent Suspects Thatre Are Other Privately Run Companies Doing the Same that Will Be Going Public in the Coming 12-18 Months.
“After a Certain Amount of these Unsuspecting Companies Reveal Thaty Bitcoin On Their Corporate Balance Sheet, It Will Become Table Stakes for Everybody Else,” Concluded Bent. “It Will Become ‘UNWISE’ TO NOT HAVE BITCOIN ON YOUR BAANCE SHEET IF YOU’RE A STARTUP, EVEN IF YOU HAVE NOTHING to DO WITH BITCOIN.”
Current Price ActionThere’s Been Some From Bitcoin Bulls Over the Lack of Upward Price Movement Given Undering Headlines of Buy Pressure from Publicly Traded Corporates and the Spot Etfs.
Not Making Nearly As Many Headlines, Thought, Is Relantless Selling Pressure from Long-Term Holders Sitting on Massive Profits. Speaking with Bent, Bitcoin Analyst James Check Estimated This Selling Peakd at A WHOping 40,000 BTC Per Day.
That market canorb that sort of selings and remain above $ 107,000 Should be Thought of as terribly Bullish, SAID CHECK, AND NOT AS EVIDENCE OF PRICE SUPPRESSION VIAPATION VIA CREATION.
X Icon