Fathom Holdings to Invest $500,000 in Bitcoin for Payment Integration

Fathom Holdings, Inc. will add Bitcoin to its asset portfolio, as approved by its Board of Directors. This decision supports the company's future goal of enabling Bitcoin payments for agents and customers.

50% of excess cash will be allocated for Bitcoin purchases.
The company plans to invest up to $500,000 in Bitcoin or Bitcoin ETFs within two weeks.
This strategy aims to diversify financial assets beyond U.S. dollars.
Growing acceptance of Bitcoin is noted as a decentralized store of value.
Bitcoin is seen as a hedge against inflation and economic risks.

CFO Joanne Zach highlighted significant global capital allocations toward Bitcoin in 2024, emphasizing its integration into commercial strategies. CEO Marco Fregenal stated that adopting a Bitcoin strategy aligns with enhancing real estate transactions through their platform, intelliAgent.

Fathom's current report on Form 8-K regarding its Bitcoin treasury plan is expected to be filed with the SEC around January 23, 2025. The company also acquired My Home Group, expanding its presence in Arizona and reinforcing its tech-driven real estate solutions.