Falconedge plans to reserve Bitcoin from IPO funds

According to PANews, the newly established consulting firm for hedge fund management, Falconedge, in the United Kingdom has completed its pre-IPO funding and intends to allocate nearly all the funds from its IPO in September to Bitcoin reserves.

The company employs a two-pillar strategy, offering Bitcoin reserve management alongside consulting services for hedge funds, aiming to attract investors from both traditional finance and the crypto asset sector. Falconedge continues the legacy of Falcon Investment Management, which previously managed over $850 million in crypto assets and launched the first regulated crypto fund in the United Kingdom.