Today, F Street, an alternative investment and private lending company, announced that it has begun adding bitcoin to its corporate Treasury Department, with the goal of accumulating $10 million in BTC.
The company began daily BTC purchases on June 9 using business earnings and fiscal funds. This move is part of a broader strategy to strengthen F Street’s capital base and support its real estate loans and investment operations.
“Bitcoin provides a compelling hedge for inflation and the depreciation of the dollar,” said F Street Mike Doney’s COO. “Incorporating it into our Treasury is a strategic step to retain and grow value for our investors and our business interests.”
F Street meets its commitment to transparency and plans to establish a proof of public reserve so that stakeholders can independently verify custody of their bitcoin assets. The company aims to build a meaningful BTC stance to support its long-term vision for the capital framework.
F Street’s move comes as institutional interest in Bitcoin is experiencing a significant surge, with many prominent voices in the financial world starting to support it. Billionaire investor Paul Tudor Jones spoke in an interview with Bloomberg today, naming Bitcoin as a key part of what he believes is the ideal portfolio to oppose inflation.
“What is the ideal portfolio…but this could be some kind of combination of gold, adjusted, Bitcoin, gold, stocks,” Jones said. “This is probably the best portfolio you can fight inflation. Adjusted. Since Bitcoin is obviously five times the size of gold, you’re going to do it differently.”
The head of digital assets at BlackRock Robert Mitchnick said two days ago that this has indeed prompted a surge in demand for Bitcoin ETFs.
“It’s a lot of things that come together. The door is the demand for retail and investors…” “Now, lately, we’ve seen more wealth advisor adoption, more institutional adoption. This is the first time they’ve invested anything in the crypto space. Then, on the other hand, you have a lot of people investing in bitcoin for a long time and they’ve taken advantage of the ETP wrapper.”
