The Nasdaq-listed company called Bitcoin a “hedge against inflation and a safeguard against currency risks.”
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Fathom Holdings Plans Bitcoin Integration
Nasdaq-listed real estate services company Fathom Holdings is taking steps to diversify its balance sheet, which is currently dominated by US dollars, by adding Bitcoin to its corporate treasury. In an announcement made on January 23, Fathom revealed plans to allocate up to 50% of its excess cash reserves for Bitcoin (BTC) purchases. The initial allocation will be a maximum of $500,000, which may cover BTC or Bitcoin exchange-traded funds (ETFs). According to Fathom, this allocation will be adjusted based on the company’s operational needs and market conditions.
Insights from Leadership
Fathom’s CEO, Joanne Zach, emphasized that the decision to incorporate Bitcoin reflects a strategic move to diversify the company’s treasury holdings. She noted that Bitcoin has rapidly gained acceptance as a “decentralized store of value” since 2024. Zach explained, “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.” Following the announcement, Fathom’s stock price remained relatively stable, trading around $1.33 per share with a market capitalization of approximately $30 million.
Growing Corporate and Institutional Adoption
As highlighted by Zach, Fathom’s entry into Bitcoin is influenced by the increasing adoption of the cryptocurrency among corporate and institutional investors. In just 11 months since their launch, US spot Bitcoin ETFs have amassed over $100 billion in net assets, making it the most successful ETF launch in history. According to BitcoinTreasuries.NET, over 70 publicly traded companies have exposure to BTC, collectively holding more than $64 billion worth of Bitcoin. Notably, the business intelligence firm MicroStrategy holds around three-quarters of that total.
Private Companies and Proposals for Big Tech
In addition to public companies, there are 19 known private firms with Bitcoin exposure. Proposals to adopt Bitcoin as a treasury asset have also been made to major tech companies like Meta and Microsoft. However, as reported by Cointelegraph, Microsoft shareholders voted against Bitcoin adoption in a meeting held on December 10. Nick Cowan, CEO of fintech company Valereum, commented that Big Tech firms may undervalue Bitcoin since their core businesses are strong, making the reallocation of cash reserves appear risky.
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