According to Mars Finance news, on August 28, as reported by Financefeeds, Falconedge is a new hedge fund consulting firm spun off from the UK hedge fund Falcon Investment Management. It has now completed pre-IPO financing and plans to implement an ambitious Bitcoin treasury strategy, using nearly all 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 over the next decade." Falconedge's IPO is expected in September.
