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According to a report by Investing.com on June 17, Deep Tide TechFlow news, UK-listed company TAO Alpha PLC announced that it has secured a £5 million fixed-rate convertible loan and has established a new Bitcoin-centered funding reserve policy as part of its strategy in the fields of Decentralization artificial intelligence and Crypto Assets.
The company has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to hold its reserve assets. According to the new policy, the company can hold up to two-thirds of its cash in the form of Bitcoin and stablecoins.