Today, F Street, an alternative investment and private credit company, announced It started with adding Bitcoin to his company treasure box, with the aim of collecting $ 10 million in BTC.
The company started daily BTC purchases on 9 June with the help of business yields and treasury funds. This step is part of a broader strategy to strengthen F Street’s capital base and to support its real estate loans and investment operations.
“Bitcoin offers a compelling hedge against inflation and dollar debasement,” said the Chief Operating Officer of F Street Mike Doney. “Including our treasury is a strategic step to retain and grow value for our investors and our business interests.”
In accordance with his dedication to transparency, F Street also plans to determine public proof of reserves, so that stakeholders can independently verify the custody of his Bitcoin assets. The company wants to build a meaningful BTC position that supports its long -term vision on a capital framework.
The movement of F Street comes at a time when institutional interest in Bitcoin experiences a remarkable increase, and many prominent voices in the financial world begin to support this. Billionaire investor Paul Tudor Jones, who today spoke in an interview with Bloomberg, called Bitcoin as a crucial part of what he regards the ideal portfolio against inflation.
“What would be an ideal portfolio … But it would be a kind of combination of probably gold, full of adapted, bitcoin, gold, shares,” Jones said. “That is probably your best portfolio to fight inflation. Full has adjusted because the full of Bitcoin is of course five times that is of gold, so you will do it in different ways.”
As an addition to the momentum, the head of Digital Assets of BlackRock Robert Mitchchnick explained two days ago what the increase in demand for Bitcoin ETFs really drives.
“They are many things that come together. From the gate, the demand for retail and investors …” said Mitschnick. “Now, more recently, we have only seen steady progress of more adoption of welfare adviser, more institutional adoption. It has been a mix of people who have been the first time that they have invested in something in the crypto space. And then on the other hand you have many people who have invested in Bitcoin for a long time and they make use of the Etpatel.”