Falconedge, a subsidiary of Falcon Investment Management, increased its Bitcoin reserves through a $420,000 purchase, continuing its treasury strategy initiated in August.
Falconedge, part of Falcon Investment Management, announced the purchase of approximately 4.11 BTC at an average price of $102,164.39, bringing its total Bitcoin holdings to around 19.275 BTC. This follows the company's August launch of its Bitcoin treasury initiative, aimed at integrating cryptocurrency into its investment portfolio.