Real estate firm Fathom can now add Bitcoin to its balance sheet
The Nasdaq-listed company called Bitcoin a “hedge against inflation and a safeguard against currency risks.”
Nasdaq-listed real estate services company Fathom Holdings plans to add Bitcoin to its corporate treasury, a move designed to diversify its US dollar-dominated balance sheet.
According to a Jan. 23 announcement, Fathom said it can now allocate up to 50% of excess cash reserves toward Bitcoin (BTC) purchases. Initially, the company plans to allocate up to $500,000 toward BTC or Bitcoin exchange-traded funds (ETFs).
The allocation “will be adjusted to align with the company’s operational requirements and prevailing market conditions,” said Fathom.
Go to Source
Author: Sam Bourgi
