On June 25, according to Morningstar, the UK-listed company TAO Alpha PLC announced plans to launch a second round of convertible loans, aiming to raise at least 1 billion pounds. It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to hold its reserve assets. Under the new policy, the company can hold up to two-thirds of its cash in BTC and Stable Coin forms. The latest fundraising terms are expected to be finalized in mid-July.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
UK listed company TAO Alpha plans to raise 100 million pounds to support its BTC financial policy
On June 25, according to Morningstar, the UK-listed company TAO Alpha PLC announced plans to launch a second round of convertible loans, aiming to raise at least 1 billion pounds. It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to hold its reserve assets. Under the new policy, the company can hold up to two-thirds of its cash in BTC and Stable Coin forms. The latest fundraising terms are expected to be finalized in mid-July.