$BTC #RealEstate Firm Fathom Adds Bitcoin to Its Balance Sheet

Nasdaq-listed real estate services firm Fathom Holdings is planning to add bitcoin to its corporate treasury, a move aimed at diversifying its dollar-dominated balance sheet.

According to an announcement on Jan. 23, Fathom said it can now allocate up to 50% of its excess cash reserves to purchase bitcoin. Initially, the company plans to allocate up to $500,000 to bitcoin exchange-traded funds (ETFs).

Fathom said the allocation “will be adjusted in line with the company’s operational requirements and prevailing market conditions.”

Fathom CEO Joanne Zak said the decision reflects a desire to diversify the company’s holdings of Treasuries through a “decentralized store of value” that has seen rapid adoption since 2024. Zak added:

“Bitcoin has been rapidly integrating into trading and financial strategies across financial markets, positioning it as a hedge against inflation and a cushion against economic and currency risks in the global economy.”

Fathom’s share price has largely held steady following the news. It is currently trading at around $1.33 per share with a total market cap of around $30 million.