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According to a report from Bitcoinmagazine on June 12, Deep Tide TechFlow announced that alternative investment and private credit firm F Street has begun adding Bitcoin to its corporate treasury, with a goal of accumulating $10 million worth of Bitcoin.
The company began daily Bitcoin purchases using business earnings 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.
F Street Chief Operating Officer Mike Doney stated that Bitcoin provides an effective hedge against inflation and the depreciation of the dollar. The company also plans to establish a public proof of reserves, allowing stakeholders to independently verify the custody of its Bitcoin assets.