UK listed company TAO Alpha receives £ 5 million convertible loan and will adopt Bitcoin reserve strategy

On June 17th, according to Investing.com, UK listed company TAO Alpha PLC announced the acquisition of a £ 5 million fixed price convertible loan and the development of a Bitcoin centric capital reserve strategy as part of its strategy in decentralized artificial intelligence and cryptocurrency. TAO Alpha PL has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to hold its reserve assets. According to the new policy, companies can hold up to two-thirds of their cash in the form of Bitcoin and stablecoins.