Real Estate Technology Company on the NASDAQ list, Fathom Holdings, Bitcoin $104,158.6 It will adopt its standards. With the approval of the board of directors, the company announced that it will devote half of the extra cash reserves to Bitcoin.
Bitcoin investment and customer payments
Fathom Holdings aims to receive payment with Bitcoin, one of the customers in the future. The company has announced that it will begin to buy Bitcoin or Bitcoin Stock Exchange Investment Funds (ETFs) in the next two weeks.
The company’s financial strategy
Fathom’s Finance Manager Joanne Zach said that Bitcoin’s integration in commercial and financial strategies accelerated. Zach said that Bitcoin is a protection tool against inflation and the economic and foreign exchange risks in the global economy.
“Bitcoin’s integration into commercial and financial strategies gained momentum and was positioned as a protection against inflation in the global economy and a guarantee against economic risks.”
Crypto investments of other companies
Fathom is not the first company to add Bitcoin to its balance sheet. Last year, many small Nasdaq companies, in the footsteps of software company Microstrategy’nin Bitcoin investments began.
Microstrategy, Bitcoin in 2020, currently holds more than $ 47 billion Bitcoin and is the largest corporate treasure owner of the asset. Other health and automotive companies add Bitcoin to their portfolios as an anti -inflation strategy.
Fathom’s stock increased by 5 %after the closing of Wednesday before the announcement and rose to $ 1.39 on Friday.
Bitcoin’s prices reach new summits and the fact that it becomes easier to invest in assets through ETFs encourages other companies to take steps in this direction.
In the end, the fact that companies turn to Bitcoin may be a harbinger of an important trend in the crypto currency market. For investors, these developments have the potential to increase Bitcoin’s institutional acceptance.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and perform their operations in line with their own research.
