F Street announced the launch of its Bitcoin asset allocation, aiming to accumulate $10 million worth of BTC.

BlockBeats News reported on June 12 that, according to BitcoinMagazine, investment and private credit institution F Street has announced the launch of a Bitcoin asset allocation plan, aiming to accumulate a total of $10 million worth of BTC. Since June 9, the company has started utilizing business profits and fiscal funds to increase its daily Bitcoin holdings.

F Street Chief Operating Officer Mike Doney stated that Bitcoin offers advantages in hedging against inflation and the devaluation of the U.S. dollar. Incorporating it into the company’s treasury is an essential strategy for safeguarding the interests of investors. The company also plans to establish a public proof-of-reserves mechanism to allow stakeholders to verify its Bitcoin custody status.