TechFlow, June 12 — According to Bitcoinmagazine, alternative investment and private credit firm F Street announced it has begun adding bitcoin to its corporate treasury, with a target of accumulating $10 million worth of bitcoin.
The company started daily bitcoin purchases using operating revenues and treasury funds on June 9. This move is part of a broader strategy to strengthen F Street's capital base and support its real estate lending and investment operations.
Mike Doney, COO of F Street, said bitcoin provides an effective hedge against inflation and dollar depreciation. The company also plans to establish a public proof-of-reserves system, enabling stakeholders to independently verify the custody of its bitcoin holdings.
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