Wu said that, according to FinanceFeeds, the newly established hedge fund consulting company Falconedge has completed pre-IPO financing and plans to use almost all of the funds raised in the upcoming IPO to purchase Bitcoin, establishing BTC as a core treasury asset. Falconedge was spun off from Falcon Investment Management and primarily focuses on Bitcoin treasury consulting and hedge fund consulting, positioning itself as a bridge between traditional finance and crypto assets. The company plans to go public in September, and the funds raised from the IPO will be used to expand its Bitcoin reserves to strengthen its balance sheet.