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UK-listed company TAO Alpha secures £5 million convertible loan and will adopt a Bitcoin reserve strategy.
On June 17, according to a report by Investing.com, the UK-listed company TAO Alpha PLC announced that it has secured a £5 million fixed-price convertible loan and has developed a Bitcoin-centered funding reserve strategy as part of its strategy in the fields of Decentralization artificial intelligence and Crypto Assets. TAO Alpha PL has established a subsidiary in Singapore, Tao Alpha PTE. LTD, to hold its reserve assets. According to the new policy, the company may hold up to two-thirds of its cash in the form of Bitcoin and stablecoin.