Today, alternative investment and private lending company F Street announced that it has begun adding Bitcoin to the Ministry of Corporate Treasury with the aim of accumulating $10 million in BTC.
The company began daily BTC purchases on June 9th using its business revenue and financial funds. The move is part of a broader strategy to strengthen F Street’s capital base and support its real estate lending and investment operations.
“Bitcoin offers a compelling hedge against inflation and the decline of the dollar,” said F Street Mike Doney chief operating officer. “Incorporating it into the Treasury is a strategic step to maintaining and growing investors and business interests.”
In line with its commitment to transparency, F Street also plans to establish public evidence of reservations so that stakeholders can independently verify the management of their Bitcoin assets. The company aims to build meaningful BTC positions that support the long-term vision of the capital framework.
The F Street movement comes as institutional interest in Bitcoin is experiencing a significant surge in which many prominent voices in the financial world are beginning to support it. Millionaire investor Paul Tudor Jones spoke today in an interview with Bloomberg, naming Bitcoin as an important part of what he sees as an ideal portfolio for inflation.
“The ideal portfolio is…but it’s probably going to be a kind of combination of gold, Vol adjustments, Bitcoin, gold and stock,” Jones said. “It’s probably your best portfolio to fight inflation. Vol has been adjusted because Bitcoin vol is clearly five times more gold, so you do it in a variety of ways.”
In addition to momentum, BlackRock Robert Mitchnick’s digital assets director explained two days ago that he was actually driving a surge in demand for Bitcoin ETFs.
“It’s a lot of stuff coming in. Outside the gate was retail and investor demand…” Mitchinick said. “We’ve seen stable progress recently in adopting more wealth advisors, more institutional adoption. It’s a mixture of people who are new to invest in everything in the crypto sector, and there are a lot of people who have been invested in Bitcoin for a long time.
