Falconedge bets on BTC becoming the cornerstone of institutional finance in the next decade and plans to use IPO proceeds to build a Bitcoin treasury

ChainCatcher news, according to financefeeds, Falconedge is a new hedge fund consulting firm spun off from the UK 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.