CoinWorld news on June 17 reports that UK-listed company TAO Alpha PLC has announced a £5 million fixed-price convertible loan and has established a new financial policy focused on Bitcoin. The company has set up a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage its asset funds. The new policy allows for up to two-thirds of cash reserves to be allocated to Bitcoin and stablecoins. The funds will be used to expand the Bittensor decentralized open-source network and the AI cryptocurrency sector, including increasing recruitment of technical personnel.