F Street announces the launch of Bitcoin asset allocation, aiming to accumulate $10 million BTC.

BlockBeats News, on June 12, according to BitcoinMagazine, investment and private lender F Street announced the launch of a bitcoin asset allocation plan, with a goal of holding a cumulative $10 million worth of BTC, and the company has begun to use business earnings and financial funds to increase its daily bitcoin holdings since June 9. Mike Doney, chief operating officer of F Street, said that Bitcoin has the advantage of hedging against inflation and the depreciation of the dollar, and that its inclusion in the company's treasury is an important strategy to protect the interests of investors, and the company also plans to establish a public proof-of-reserve mechanism for stakeholders to verify its bitcoin custody.