Investment firm F Street has announced a strategic initiative to allocate $10 million towards Bitcoin acquisition.
The move positions Bitcoin as a core component of the firm’s asset strategy, explicitly aimed at hedging against inflation and potential depreciation of the U.S. dollar.
F Street has been actively accumulating Bitcoin daily, utilizing business revenues and fiscal resources to build its reserves.
Mike Doney, Chief Operating Officer of F Street, emphasized Bitcoin’s role in the firm’s defensive strategy against macroeconomic headwinds.
To ensure transparency and build trust, F Street will implement a public proof-of-reserves protocol. This will allow stakeholders to independently verify the custody of the firm’s Bitcoin holdings.
The $10 million allocation initiative underscores F Street’s commitment to protecting investor capital amidst ongoing economic uncertainty and strengthening confidence in its digital asset management approach.