Falconedge Bets on BTC to Become Institutional Finance Cornerstone in the Next Decade, Plans to Build Bitcoin Treasury with IPO Proceeds

BlockBeats News, August 28th, according to financefeeds reports, Falconedge, a new hedge fund advisory firm spun off from UK hedge fund Falcon Investment Management, has completed its pre-IPO financing and plans to pursue a bold Bitcoin treasury strategy, allocating almost all upcoming IPO proceeds to building a Bitcoin treasury.

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