Summary
- TAO Alpah PLC announced the issuance of £5 million in convertible bonds to stockpile Bitcoin.
- The company shared that it established a Bitcoin-centric financial strategy, and plans to purchase Bitcoin and digital assets with the funds raised.
- TAO Alpah PLC further noted that up to two-thirds of its liquid assets are to be invested in Bitcoin and stablecoins.
TAO Alpah PLC (TAO Alpah PLC), listed in the United Kingdom, announced that it has issued £5 million (approximately $6.8 million) in convertible bonds to stockpile Bitcoin (BTC).
According to Investing.com on the 17th (local time), TAO Alpah PLC stated, "We have established a new Bitcoin-centric financial strategy," and added, "To this end, we have issued £5 million in convertible bonds." The company went on to explain, "The funds raised will be used to purchase Bitcoin and digital assets (cryptocurrencies)," adding, "Up to two-thirds of liquid assets are expected to be invested in Bitcoin and stablecoins."
Meanwhile, TAO Alpah PLC has established a subsidiary, 'Tao Alpha PTE', for the purpose of holding digital assets.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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