Fathom Holdings has taken a major step towards redefining real estate innovation with a major Bitcoin (BTC) move.
Real estate service platform Fathom Holdings has announced plans to include Bitcoin (BTC) in its treasury strategy, with the aim of eventually accepting BTC payments.
The company, which integrates residential brokerage, mortgage, title, and SaaS offerings for brokerages and agents, filed with the US SEC on January 23, stating that it will allocate up to 50% of its excess cash to purchasing Bitcoin. The allocation is calculated based on estimated six-month operating expenses and may be adjusted based on the company’s operational requirements and prevailing market conditions.
With this allocation, Fathom Holdings is looking to spend up to half a million dollars on Bitcoin within the next two weeks. The company may also purchase Bitcoin ETF to diversify its financial portfolio. Currently, Fathom Holdings’ treasury consists of only US dollars.
“The integration of Bitcoin into commercial and financial strategies has accelerated across financial markets, positioning the coin as both a hedge against inflation and a safeguard against economic and currency risks in the global economy,” said Fathom CFO Joanne Zach.
“Our Bitcoin strategy diversifies our treasury holdings, and we believe positions Fathom at the forefront of digital currency transactions in the real estate industry.”
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