Falconedge Plans Bitcoin Treasury Strategy for Upcoming IPO

Falconedge, a new hedge fund advisory firm from Falcon Investment Management, plans to allocate nearly all proceeds from its upcoming IPO to building a Bitcoin treasury. The firm positions Bitcoin as a core asset for institutional treasury management.

Key Highlights

Falconedge aims to enhance its balance sheet by significantly increasing its Bitcoin holdings.
CEO Roy Kashi emphasized that the firm’s strategy places Bitcoin at the center of institutional finance.
The pre-IPO fundraising has been completed, with plans for a public offering in September.
This IPO will be among the first to primarily dedicate proceeds to Bitcoin reserves.
Circle, issuer of USDT, also made headlines with its NYSE debut, seeing shares surge over 150%.
Falconedge benefits from the expertise of Falcon Investment Management, which successfully launched one of the UK’s earliest regulated crypto funds.

Currently, Bitcoin is trading at $112,100, approximately 10% below its recent high of $124,000 amid a broader market correction.