Fathom Holdings shares surge 12.31% intraday after adopting MicroStrategy's Bitcoin reserve plan by allocating up to half of excess cash.

Fathom Holdings surged 12.31% intraday after announcing its decision to allocate up to half of its excess cash reserves to Bitcoin, mirroring MicroStrategy’s Bitcoin reserve strategy. The move, disclosed in a 12:20 am ET report, positioned the real estate tech firm as a strategic adopter of crypto assets, likely attracting investor optimism amid broader market speculation around Bitcoin’s institutional adoption. Other crypto-related news, including MicroStrategy’s Bitcoin accumulation and Ethereum developments, were unrelated to Fathom’s specific corporate action and did not directly influence its stock’s intraday performance.