Fathom Holdings to Allocate Cash Reserves to Bitcoin
- Fathom Holdings plans to allocate up to half of its excess cash reserves to Bitcoin.
- The company aims to start purchasing Bitcoin within the next two weeks, potentially via ETFs.
- Fathom Holdings’ stock rose approximately 5% following the announcement.
- MicroStrategy, a leading example, holds over $47 billion in Bitcoin.
- Other firms like Semler Scientific and Cosmos Health have also adopted Bitcoin as an inflation hedge.
Fathom Holdings announced its decision to allocate up to half of its excess cash reserves to Bitcoin, with plans to begin purchases soon. This follows a trend set by companies such as MicroStrategy, which holds over $47 billion in Bitcoin.
Source (2.6)https://decrypt.co/302456/another-publicly-traded-firm-bitcoin?rand=52368