PANews reported on June 12 that according to Bitcoin Magazine, alternative investment and private credit institution F Street announced the launch of a Bitcoin asset allocation plan, with the goal of holding a total of $10 million worth of BTC. The company has begun using business income and financial funds for daily Bitcoin purchases since June 9. F Street Chief Operating Officer Mike Doney said that Bitcoin has the advantage of hedging against inflation and dollar depreciation, and incorporating it into the company's finances is an important strategy to protect the interests of investors. The company also plans to establish a public reserve proof mechanism for stakeholders to verify its Bitcoin custody.