According to Techub News, UK-listed company TAO Alpha PLC announced that it has secured a £5 million fixed-price convertible loan and established a new financial policy focused on Bitcoin. The company has set up a subsidiary in Singapore, Tao Alpha PTE. LTD, 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 Decentralization Open Source network and develop the AI Crypto Assets field, including increasing the recruitment of technical personnel.
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According to Techub News, UK-listed company TAO Alpha PLC announced that it has secured a £5 million fixed-price convertible loan and established a new financial policy focused on Bitcoin. The company has set up a subsidiary in Singapore, Tao Alpha PTE. LTD, 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 Decentralization Open Source network and develop the AI Crypto Assets field, including increasing the recruitment of technical personnel.