UK listed company TAO Alpha PLC announces adoption of Bitcoin financial policy

According to investing. com, UK listed company TAO Alpha PLC announced the acquisition of a £ 5 million fixed price convertible loan and the establishment of a new financial policy with a focus on Bitcoin. The company has established a subsidiary, Tao Alpha PTE. LTD, in Singapore to manage its financial assets. The new policy allows up to two-thirds of its cash reserves to be allocated to Bitcoin and stablecoins. The funds will be used to expand Bittensor's decentralized open source network and AI cryptocurrency development, including increasing the recruitment of technical personnel.