Another Nasdaq-listed company is adopting the increasingly fashionable Bitcoin standard. 

Real estate tech company Fathom Holdings (NASDAQ: FTHM) announced Thursday that it will allocate up to half of its excess cash reserves to the orange coin after the firm’s board approved the move. 

And further down the line, the company hopes to accept Bitcoin from customers for purchases. It added that it would start buying Bitcoin—and perhaps via Bitcoin exchange-traded funds, or ETFs—in the next two weeks. 

Fathom CFO Joanne Zach said: “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.”

Fathom is a real estate firm that also dabbles in cloud computing services. 

It isn’t the first company to put Bitcoin on its balance sheet—over the past year, many small Nasdaq-listed companies have started following in the footsteps of software firm 

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Author: Mathew Di Salvo