Today F Street, an alternative investment and a private loan company, has announced that it has started adding Bitcoin to its corporate treasure, with the aim of accumulating $ 10 million in BTC.
The company began the daily purchases of the BTC on June 9, using commercial proceeds and treasury funds. This move is part of a wider strategy to strengthen the capital base of F Street and support its loan and real estate investment operations.
“Bitcoin offers a compelling hedge against inflation and degradation of the dollar,” said the Chief Operating Officer of F Street Mike Doney. “Incorporating into our treasure is a strategic step to preserve and grow value for our investors and business interests.”
In line with its commitment to transparency, F Street also plans to establish a public reserves proof so that the interested parties can independently verify the custody of its Bitcoin activities. The company aims to build a significant BTC position that supports its long -term vision of a capital framework.
The movement of F Street arrives at a time when the institutional interest for Bitcoin is experiencing a significant increase and many prominent voices in the financial world are starting to support it. The billionaire investor Paul Tudor Jones, speaking today in an interview with Bloomberg, appointed Bitcoin as a critical part of what he considers the ideal portfolio against inflation.
“What would be an ideal portfolio … but it would be a kind of combination of probably gold, volunteer, bitcoin, gold, stocks,” said Jones. “This is probably your best portfolio to fight inflation. Vol assigned because Bitcoin Vol is obviously five times that of gold, so you will do it in different ways.”
By adding the head of the digital resources of Blackrock Robert Mitchnick to the momentum explained two days ago what is really guiding the wave of the demand for Etf Bitcoin.
“These are many things that unite. Outside the gate was the demand for retail sale and investors …” said Mitchnick. “Now, more recently, we have only seen a constant progress of a greater adoption of wealth consultants, a more institutional adoption. It was a mix of people who is the first time they have invested in anything in the cryptographic space. And then, on the other hand, you have many people who have been invested in Bitcoin for a long time and are taking advantage of the ETP envelope.”