Falconedge, a new UK hedge fund advisory firm, will direct most of its IPO proceeds to Bitcoin reserves, continuing Falcon Investment Management’s legacy in crypto asset management.
Falconedge, a new UK hedge fund advisory firm, has completed its pre-IPO financing and revealed plans to allocate the majority of the proceeds from its September IPO to Bitcoin reserves. The firm follows a dual strategy of Bitcoin reserve management and hedge fund advisory, inheriting Falcon Investment Management’s legacy of managing $850 million in crypto assets and launching the UK’s first regulated crypto fund.