TAO Alpha launches £100 million convertible bond intending to allocate two-thirds of the cash to BTC

【coin界】On June 25th, it was reported that TAO Alpha PLC, a listed company in the UK, announced the launch of the second convertible loan after the £5 million fixed-price convertible loan, expecting to raise at least £100 million, with ParaFi Capital LP, a blockchain and digital asset investment company, providing an initial £20 million investment.

TAO Alpha has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage fund assets. Its new financial policy, focusing on Bitcoin, allows up to two-thirds of cash reserves to be allocated to Bitcoin and stablecoin. The latest financing terms are expected to be finalized in mid-July.

TAO0,31%
ALPHA-0,35%
BTC-0,52%
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