Fathom presents Bitcoin and treasury strategy

Fathom (FTHM) has approved the inclusion of Bitcoin as a key asset under the company’s treasury management program. Fathom Holdings can now allocate up to 50% of its excess cash-calculated based on estimated six-month operating expenses-toward Bitcoin purchases. This allocation will be adjusted to align with the company’s operational requirements and prevailing market conditions. Under this strategy, the company plans to purchase up to $500K in Bitcoin or Bitcoin exchange-traded funds during the next two weeks. Fathom made this change to allow it to diversify its treasury holdings, which previously consisted solely of U.S. dollars.