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- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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UK-listed company TAO Alpha launches Bitcoin reserve strategy, secures £5 million convertible loan.
On June 17, according to reports, the UK listed company TAO Alpha PLC announced the acquisition of a £5 million fixed-price convertible loan and has developed a Bitcoin-centric funding reserve strategy as part of its strategy in the decentralization of 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 can hold up to two-thirds of its cash in the form of Bitcoin and stablecoins.