F Street Announced Goal Of Accumulating $10 Million In Bitcoin

Bitcoin Magazine

F Street Announced Goal Of Accumulating $10 Million In Bitcoin

Today, F Street, an alternative investment and private lending firm, announced it has begun adding Bitcoin to its corporate treasury, with a goal of accumulating $10 million in BTC.

JUST IN: Investment firm F Street announced it's buying Bitcoin daily using business proceeds for its treasury reserves

They plan to buy $10 million Bitcoin pic.twitter.com/NMLOteyUYU

The company began daily BTC purchases on June 9, using business proceeds and treasury funds. This move is part of a broader strategy to strengthen F Street’s capital base and support its real estate lending and investment operations.

“Bitcoin offers a compelling hedge against inflation and dollar debasement,” said the Chief Operating Officer of F Street Mike Doney. “Incorporating it into our treasury is a strategic step to preserve and grow value for our investors and our business interests.”

In line with its commitment to transparency, F Street also plans to establish a public proof of reserves so that stakeholders can independently verify the custody of its Bitcoin assets. The firm aims to build a meaningful BTC position that supports its long term vision of a capital framework.

F Street’s move comes at a time when institutional interest in Bitcoin is experiencing a notable surge, and many prominent voices in the financial world are starting to support it. Billionaire investor Paul Tudor Jones, speaking today in an interview with Bloomberg, named Bitcoin as a critical part of what he considers the ideal portfolio against inflation.

“What would an ideal portfolio be… But it would be some kind of combination of probably gold, vol adjusted, Bitcoin, gold, stocks,” Jones said. “That’s probably your best portfolio to fight inflation. Vol adjusted because the vol of Bitcoin obviously is five times that of gold, so you’re going to do it in different ways.”

Adding to the momentum, the Head of Digital Assets of BlackRock Robert Mitchnick explained two days ago what’s really driving the surge in demand for Bitcoin ETFs.

“It’s a lot of things coming together. Out of the gate was retail and investor demand…” said Mitchnick. “Now, more recently, we’ve seen just steady progress of more wealth advisor adoption, more institutional adoption. It’s been a mix of people who it’s the first time that they’ve invested in anything in the crypto space. And then on the other hand, you have lots of people who’ve been invested in Bitcoin for a long time and they’re taking advantage of the ETP wrapper.”

This post F Street Announced Goal Of Accumulating $10 Million In Bitcoin first appeared on Bitcoin Magazine and is written by Oscar Zarraga Perez.