F Street, an alternative investment and private lending firm, has commenced acquiring Bitcoin daily with an objective to accumulate $10 million in the cryptocurrency. This strategic initiative, initiated on June 9, aims to enhance F Street's capital base, thereby supporting its real estate lending and investment operations. COO Mike Doney highlighted Bitcoin's role as a hedge against inflation. In alignment with transparent practices, F Street will implement a public proof of reserves, allowing stakeholders to verify their Bitcoin custody. This venture coincides with a growing interest in Bitcoin among institutional investors.
"Bitcoin offers a compelling hedge against inflation and dollar debasement," said CO Mike Doney. "Incorporating it into our treasury is a strategic step to preserve and grow value for our investors and our business interests."
Billionaire investor Paul Tudor Jones called Bitcoin part of an ideal portfolio against inflation, combining it with gold and stocks, highlighting its volatility.
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