ChainCatcher news, reported by Investing.com, the UK-listed company TAO Alpha PLC announced that it has secured a £5 million fixed-price convertible loan and has established a new Bitcoin-centric reserve policy as part of its strategy in the decentralized artificial intelligence and cryptocurrency sectors.

The company has set up 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.