British listed company TAO Alpha plans to raise £100 million to support its Bitcoin financial policy
2025/06/25 11:28
PANews reported on June 25 that according to Morningstar, British listed company TAO Alpha PLC announced that after obtaining a £5 million fixed-price convertible loan, it has launched a second convertible loan, and is expected to raise at least £100 million in funds. Blockchain and digital asset investment company ParaFi Capital LP participated in the investment and will provide an initial £20 million.
It is reported that TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage financial assets. Its new Bitcoin-focused financial policy allows up to two-thirds of cash reserves to be allocated to Bitcoin and stablecoins. The latest financing terms are expected to be determined in mid-July.
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