Design software giant Figma has officially filed for an IPO, revealing a surprising $70 million investment in Bitcoin ETFs within its S-1 filing. As a seasoned crypto analyst, I break down what this means for the company's valuation, its post-Adobe acquisition strategy, and why corporate Bitcoin adoption is becoming the new normal. With 26% returns already on their BTC position and plans to deploy another $30M in USDC, Figma is writing the playbook for tech IPOs in the crypto era.