Advertise
Nidhi Kolhapur
Nidhi Kolhapur
Author
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
- Jan 23, 2025 14:43 UTC
-
Just In: Fathom Holdings Adds Bitcoin to Treasury Strategy
Fathom Holdings has approved a plan to allocate up to 50% of its excess cash towards Bitcoin purchases.
This move aligns with Fathom's focus on technology innovation and its desire to diversify its treasury beyond US dollars.
Despite a revenue decline in Q3 2024, Fathom is actively pursuing growth strategies, including the acquisition of My Home Group.
In a recent development, Fathom Holdings, a national, technology-driven, end-to-end real estate services platform today announced that its Board of Directors has approved the inclusion of Bitcoin (BTC) as a key asset under the Company’s treasury management program.
This decision is also part of Fathom Realty’s long-term plan to allow Bitcoin payments for its agents and customers.
By adopting Bitcoin, Fathom is positioning itself as a forward-thinking player in the real estate market, responding to the growing demand for digital currency options.
Bitcoin Allocation Strategy
As part of its new treasury strategy, Fathom Holdings will allocate up to 50% of its excess cash—based on six months of operating expenses—toward Bitcoin purchases. This allocation will be flexible and adjusted according to the company’s needs and market conditions. In the next two weeks, Fathom plans to purchase up to $500,000 in Bitcoin or Bitcoin exchange-traded funds (ETFs).
This move is part of Fathom’s plan to diversify its treasury holdings, which were previously made up entirely of U.S. dollars.
Bitcoin’s Growing Acceptance
Fathom CFO Joanne Zach highlighted that Bitcoin’s growing acceptance as a decentralized store of value and rising demand for alternative digital currencies are clear.
“The integration of Bitcoin into commercial and financial strategies has accelerated across financial markets, positioning it as both a hedge against inflation and a safeguard against economic and currency risks in the global economy.”
A Commitment to Innovation
Fathom’s CEO, Marco Fregenal, shared the company’s focus on digital innovation.
“Fathom has always been an innovator in the digital economy. Establishing a Bitcoin treasury strategy and our plans to enable Bitcoin as a payment option align perfectly with our core mission of driving efficiencies in real estate transactions through our software platform.”
What’s Next for Fathom?
Fathom will provide more details on its Bitcoin treasury strategy in its upcoming Current Report on Form 8-K, which is expected to be filed with the U.S. SEC around January 23, 2025.
In its Q3 2024 report, Fathom Holdings announced a 10% year-over-year decline in revenue, reaching $83.7 million, along with an adjusted EBITDA loss of $1.4 million. Despite these challenges, the company is staying focused on growth strategies, including its recent acquisition of My Home Group, which is expected to significantly boost revenue in the near future.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
Yes 
No 
