On June 12, F Street, an investment and private credit institution, announced the launch of a Bitcoin asset allocation plan, aiming to hold a cumulative value of 10 million USD in BTC. The company has started to increase its daily Bitcoin holdings using business revenues and financial funds since June 9.
Mike Doney, Chief Operating Officer of F Street, stated that Bitcoin has the advantage of hedging against inflation and the devaluation of the dollar. Incorporating it into the company's finances is an important strategy to protect the interests of investors. The company also plans to establish a public proof of reserves mechanism for stakeholders to verify its Bitcoin custody situation.
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F Street has launched a $10 million BTC asset allocation plan and has started daily accumulation.
On June 12, F Street, an investment and private credit institution, announced the launch of a Bitcoin asset allocation plan, aiming to hold a cumulative value of 10 million USD in BTC. The company has started to increase its daily Bitcoin holdings using business revenues and financial funds since June 9.
Mike Doney, Chief Operating Officer of F Street, stated that Bitcoin has the advantage of hedging against inflation and the devaluation of the dollar. Incorporating it into the company's finances is an important strategy to protect the interests of investors. The company also plans to establish a public proof of reserves mechanism for stakeholders to verify its Bitcoin custody situation.