Another Nasdaq-listed business is adopting the gaining popularity of Bitcoin. &nbsp,

Following board approval, real estate technology firm Fathom Holdings ( NASDAQ: FTHM) made the announcement on Thursday that it would give the orange coin up to half of its surplus cash. &nbsp,

Farther down the line, the business hopes to take Bitcoin from consumers for purchases. It added that it would begin buying Bitcoin—and possibly via Bitcoin exchange-traded money, or ETFs—in the following two weeks. &nbsp,

The adoption of Bitcoin as a business and financial strategy has accelerated across monetary areas, according to Fathom CFO Joanne Zach, who sees it as both a currency risk wall and a currency risk hedge.

Fathom is a real estate company that specializes in cloud computing services. &nbsp,

It isn’t the first firm to place Bitcoin on its balance sheet—over the previous year, many small Nasdaq-listed corporations have started following in the footsteps of technology firm&nbsp, MicroStrategy.

MicroStrategy became the largest corporate bank recipient of the property when it first purchased Bitcoin in 2020, and it now holds more than$ 47 billion in its possession. Given that its business cap has grown rapidly, the company has been urging businesses to follow suit. &nbsp,

The company’s stock have exploded in price and MicroStrategy next year became a Nasdaq-100 strong, joining the top 100 non-financial businesses on the Nasdaq stock market. &nbsp,

Other businesses are eying match as the price of Bitcoin has reached new highs and the ability to purchase the property via the novel ETFs has never been easier. &nbsp,

Semler Scientific and Cosmos Health, as well as the automaker Worksport, are just a few of the businesses that have purchased the property as an inflation wall.

Fathom’s stock rose about 5 % from the close of trading Wednesday—ahead of the announcement—to Friday’s close, at a price of$ 1.39.

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