EddieJayonCrypto

 25 Jan 25

tl;dr

Fathom Holdings (NASDAQ: FTHM) has announced its decision to allocate up to half of its excess cash reserves to Bitcoin and plans to accept Bitcoin from customers in the future. The company aims to start buying Bitcoin, potentially through exchange-traded funds, within the next two weeks. Fathom's C...

Fathom Holdings (NASDAQ: FTHM) has decided to allocate up to half of its excess cash reserves to Bitcoin and intends to accept Bitcoin from customers in the future. The company plans to begin purchasing Bitcoin, potentially through exchange-traded funds, within the next two weeks. This move follows the growing trend of integrating Bitcoin into commercial and financial strategies, with Fathom's CFO citing Bitcoin as a hedge against inflation and economic risks.

MicroStrategy, a leader in Bitcoin adoption, holds over $47 billion worth of the asset and has experienced substantial market cap growth, prompting other companies to follow suit. Health care companies Semler Scientific and Cosmos Health, as well as auto firm Worksport, have also invested in Bitcoin as an inflation hedge. Following the announcement, Fathom's stock rose approximately 5% from Wednesday's close to Friday's close, reaching $1.39.

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