Foresight News reports, according to NLNico, that the UK-listed company Tao Alpha intends to appoint Henry Elder, the head of UTXO Management BTCfi, as a non-executive director. Henry Elder is expected to join the board after Mark Rutledge steps down.

Foresight News previously reported, according to NLNico, that Tao Alpha is raising approximately $137.5 million, intending to use Bitcoin as its primary financial reserve asset. Additionally, the company will be renamed Satsuma, with the stock code SATS.L.