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A company that is changing the way the world mines bitcoin

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Market Cap
24h Vol
12450
Cryptocurrencies
55.82%
Bitcoin Share
Seeking Alpha 2025-01-23 14:52:24

Fathom introduces bitcoin payments and treasury strategy and provides business update

Fathom introduces bitcoin payments and treasury strategy and provides business update

Fathom Holdings ( NASDAQ: FTHM ) said on Thursday that its board has approved the inclusion of Bitcoin ( BTC ) as a key asset under the company's treasury management program. This move also aligns with Fathom Realty's longer-term strategy to enable Bitcoin payments for its agents and customers. Fathom Holdings can now allocate up to 50% of its excess cash—calculated based on estimated six-month operating expenses—toward Bitcoin purchases. Under this strategy, the company plans to purchase up to $500,000 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. The company also said that the integration of My Home Group into the Fathom platform is progressing as planned. It remains confident that the acquisition will contribute over $110 million in revenue for the full year of 2025. Fathom estimates that revenues for the fourth quarter of 2024 were between $89.7M to $91.7M, an increase of between 7% and 10% over the third quarter of 2024. Total gross profit dollars for the fourth quarter of 2024 is expected to increase within a range of 28% to 30% compared to the same period last year. GAAP net loss for the fourth quarter of 2024 is expected to total between $7.3 million and $7.4 million. Adjusted EBITDA for the fourth quarter of 2024 is expected to be a loss in the range of $2.8 million to $3.0 million.

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