UK listed company TAO Alpha plans to raise £100 million to support its Bitcoin financial policy

This article is machine translated
Show original

On June 25, according to Morningstar, the British listed company TAO Alpha PLC announced plans to launch a second round of convertible loans, aiming to raise at least 100 million pounds.

It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to hold its reserve assets. According to the new policy, the company can hold up to two-thirds of its cash in the form of Bitcoin and stablecoins, with the latest financing terms expected to be finalized in mid-July.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
1
Add to Favorites
Comments