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Fathom Holdings Inc. a technology-driven real estate service provider has announced a significant shift in its treasury management strategy by approving Bitcoin as a key asset. The company can now allocate up to 50% of its excess cash to Bitcoin purchases aligning with its innovative approach to integrating cryptocurrency payments for agents and customers. This allocation supports the purchase of up to $500,000 in Bitcoin or related exchange-traded funds over the next two weeks.
By diversifying its treasury beyond U.S. dollars Fathom enhances its position as a technology leader. CFO Joanne Zach highlighted the growing acceptance of Bitcoin as a decentralized store of value which supports Fathom’s commitment to integrating digital currencies into its financial strategies. This move is seen as both a hedge against inflation and a proactive step towards mitigating economic risks.
CEO Marco Fregenal reinforced the company’s mission stating that the adoption of a Bitcoin strategy and the integration into payment options are in line with Fathom’s goal to drive efficiencies in real estate transactions. The company’s platform intelliAgent aims to streamline the real estate process and reduce costs a vision that extends to the incorporation of Bitcoin to optimize financial transactions within the industry.
