Fathom Holdings intends to diversify its corporate treasury by adding Bitcoin. It can allocate up to 50% of its excess cash reserves for this purpose.
Initially, Fathom plans to invest 500,000 USD towards acquiring Bitcoin or Bitcoin exchange-traded funds (ETFs), reflecting the growing interest in cryptocurrency.
CEO Joanne Zach emphasized that Bitcoin serves as a hedge against inflation, with over 70 companies collectively holding Bitcoin worth more than 64 billion USD influencing Fathom’s strategy.
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