F Street launches Bitcoin asset allocation plan, intending to hoard $10 million worth of Bitcoin

PANews reported on June 12 that according to Bitcoin Magazine, an alternative investment and private credit agency F Street announced the launch of a Bitcoin asset allocation plan, with a target of holding a total of US$10 million worth of BTC. The company has started daily Bitcoin purchases using business earnings and fiscal funds since June 9. F Street chief operating officer Mike Doney said that Bitcoin has the advantage of hedging inflation and the depreciation of the dollar, and incorporating it into the company's finances is an important strategy to protect investors' interests. The company also plans to establish a public proof of reserve mechanism for stakeholders to verify their Bitcoin custody.

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