ChainCatcher news, reported by financefeeds, Falconedge is a new hedge fund consulting company spun off from the UK hedge fund Falcon Investment Management, which has now completed pre-IPO financing and plans to implement an ambitious Bitcoin treasury strategy, using almost all expected IPO proceeds to build a Bitcoin treasury.

Falconedge CEO Roy Kashi stated, "By adopting Bitcoin as the company's primary reserve asset, Falconedge bets that BTC will become the cornerstone of institutional finance in the next decade." Falconedge's IPO is expected in September.