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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.