PANews June 25 news, according to Morningstar, UK-listed company TAO Alpha PLC announced that after obtaining a fixed-price convertible loan of £5 million, it has launched a second convertible loan, expected to raise at least £100 million, with blockchain and digital asset investment company ParaFi Capital LP participating and providing an initial £20 million.
It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage its financial assets, and its new financial policy focused on Bitcoin allows up to two-thirds of cash reserves to be allocated to Bitcoin and stablecoins, with the latest financing terms expected to be finalized in mid-July.
