BlockBeats News, June 25th, 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.
It is reported that TAO Alpha has established a subsidiary in Singapore, Tao Alpha PTE. LTD, to hold its reserve assets. Under 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.
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