BlockBeats news, on August 28, according to financefeeds, Falconedge is a new hedge fund consulting company spun off from the British hedge fund Falcon Investment Management, which has now completed pre-IPO financing and plans to implement an ambitious Bitcoin treasury strategy, using almost all of the upcoming 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.
