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UK listed company TAO Alpha plans to raise 100 million pounds and will significantly increase its holdings of BTC
On June 25, it was reported that the UK listed company TAO Alpha PLC announced plans to launch a second round of convertible loans 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. According to the new policy, the company can hold up to two-thirds of its cash in the form of Bitcoin and stablecoins. The latest fundraising terms are expected to be finalized in mid-July.