🌎 Fathom Holdings Invests 500k in Bitcoin

Fathom Holdings Allocates $500,000 to Bitcoin in Treasury Management Program

Fathom Holdings, a technology-driven real estate services platform, has announced its decision to allocate up to 50% of its excess cash to Bitcoin purchases. The Board of Directors approved the allocation of approximately $500,000 to Bitcoin over the next two weeks.

Streamlining Real Estate Transactions with intelliAgent

Fathom Holdings aims to streamline real estate transactions through its digital platform, intelliAgent. The platform integrates residential brokerage, mortgage, and title functions to reduce transaction costs and inefficiencies.

Diversifying Treasury Holdings and Enabling Bitcoin Payments

The initiative diversifies Fathom’s treasury holdings, which previously consisted solely of U.S. dollars. This move aligns with the company’s broader strategy to enable Bitcoin payments for agents and customers.

“Bitcoin plays a significant role as a decentralized store of value and hedge against inflation, and its growing integration into global financial markets makes it an attractive addition to our treasury strategy.”

According to CFO Joanne Zach, the decision to invest in Bitcoin is driven by its potential as a hedge against inflation and its increasing adoption in global financial markets.

A Growing Trend in Cryptocurrency Adoption

Fathom’s treasury strategy reflects a growing trend of businesses adopting cryptocurrency to diversify assets and meet increasing demand for digital payment options. This trend is evident in other companies such as KULR Technology Group and Genius Group Limited, which have also increased their Bitcoin holdings as part of their treasury strategies.