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Real Estate Player Fathom Will Buy Bitcoin

Real Estate Player Fathom Will Buy Bitcoin

HappyCoinNews2025/01/25 12:44
By: HappyCoinNews
BTC-0.09%

Nasdaq-listed US real estate company Fathom Holdings is set to invest in bitcoins.

On January 23, Fathom staff сообщили , that the company's board of directors approved a proposal to include Bitcoin in the company's list of reserve assets, which currently only includes US dollars. Adding cryptocurrency to this list implies using up to 50% of available cash for cryptocurrency investments.

Fathom employees plan to purchase Bitcoin or BTC shares within the next two weeks. ETF in the amount of up to $500,000. The company's specialists will then continue to invest money in cryptocurrency or derivatives based on it in order to diversify the assets stored on the balance sheet.

The speed of Bitcoin integration into commercial and financial strategies in financial markets has increased. Cryptocurrency is positioned as a means of protection against inflation, as well as economic and currency risks that exist in the global economy.

 

Bitcoin will diversify our reserves and, we hope, will enable our firm to take a leading position in the field of cryptocurrency transactions in the real estate market,” said Fathom Director Joanna Zak.

Real Estate Player Fathom Will Buy Bitcoin image 0

Joanna Zak

Fathom provides various services to real estate market participants, such as mortgages and property insurance. In the future, the company plans to use Bitcoin as a means of payment, so the company's clients will be able to pay with BTC coins for the services provided.

EN @happycoinnews
EN @happycoinnews_en
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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