According to PANews, British publicly listed company TAO Alpha PLC has announced the acquisition of a £5 million fixed-price convertible loan and the establishment of a new financial policy centered on Bitcoin. The company has set up a subsidiary in Singapore, Tao Alpha PTE. LTD, to manage its financial assets. The new policy permits up to two-thirds of its cash reserves to be allocated to Bitcoin and stablecoins. The funds will be used to expand the Bittensor decentralized open-source network and develop the AI cryptocurrency sector, including increasing the recruitment of technical personnel.

#BTC #AI