CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
Cryptopolitan 2025-01-24 01:52:42

Nasdaq-listed Fathom Holdings announces plan to diversify treasury with Bitcoin

Nasdaq-listed Fathom Holdings has secured permission from its Board of Directors to list Bitcoin as a critical asset under its management, a move to diversify its US dollar-controlled balance sheet. Fathom Holdings announced on January 23 that it can use up to 50% of its surplus cash reserve to nourish its Bitcoin reserve. The enterprise aims to grant up to $500,000 toward BTC or Bitcoin exchange-traded funds (ETFs). However, they noted that they would adjust the allocation to align with the firm’s performance requirements and market circumstances. Bitcoin is critical as a hedge currency risk CFO Joanne Zach of Fathom Holdings is upbeat that the decision to establish a Bitcoin reserve shows their zeal to diversify their treasure holdings. Bitcoin is a decentralized store of value that has been highly adopted since 2023. Zach stated: The integration of Bitcoin into commercial and financial strategies has accelerated across financial markets, positioning it as both a hedge against inflation and a safeguard against economic and currency risks in the global economy . Joanne Zach The announcement did not trigger changes in Fathom’s stock price. It trades around $1.33 per share and has a market cap of approximately $30 million. Fathom CEO Marco Fregenal indicated that they have always been innovators in the digital economy, and having a Bitcoin reserve aligns with their mission. Moreover, the entity plans to enable Bitcoin as a payment option to drive real estate transactions through its software platforms. Corporations and institutions are rapidly adopting Bitcoin Zach said that Fathom chose to go with Bitcoin partly due to corporations’ and institutions’ rapid adoption of digital assets. In their first 11 months of trading, the US spot Bitcoin ETFs broke $100 billion in net assets, marking the most successful ETF launch ever. According to BitcoinTreasuries.NET , more than 70 publicly traded funds have acquired Bitcoin and jointly own more than $64 billion worth of BTC. However, MicroStrategy holds more than three-quarters of the BTC. Other famous tech companies have also submitted a proposal to establish a Bitcoin treasury. Meta and Microsoft are in the queue to create a reserve. However, Microsoft has already voted against the adoption of Bitcoin. A Step-By-Step System To Launching Your Web3 Career and Landing High-Paying Crypto Jobs in 90 Days.

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta