F Street announces the launch of Bitcoin asset allocation, aiming to hold a total of $10 million worth of BTC

BlockBeats news, on June 12th, according to BitcoinMagazine, investment and private credit institution F Street announced the launch of a Bitcoin asset allocation plan, aiming to hold a total of $10 million worth of BTC. The company has been using business profits and financial funds to increase daily Bitcoin holdings since June 9th. Mike Doney, Chief Operating Officer of F Street, stated that Bitcoin has the advantage of hedging against inflation and the depreciation of the US dollar, and incorporating it into the company's finances is an important strategy to protect investor interests. The company also plans to establish a public reserve proof mechanism for stakeholders to verify its Bitcoin custody situation.