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LONDON - TAO Alpha PLC, soon to be renamed Satsuma Technology PLC, announced Monday it plans to appoint Henry Elder as a Non-Executive Director following the departure of Mark Rutledge.
Elder currently works at UTXO Management, an asset management and advisory firm within the BTC, Inc. ecosystem, where he has helped develop bitcoin treasury strategies for companies across the United States, Canada, Japan and Europe.
His previous experience includes leading a $1.5 billion digital asset treasury and wealth management platform as a Managing Director at Wave Digital Assets, where he provided treasury guidance to blockchain foundations and grew the firm’s Decentralized Finance practice to over $250 million.
"Henry’s work has positioned him as one of the foremost thinkers globally when it comes to corporate Bitcoin treasury strategy," said TAO’s Chairman Matt Lodge in a press release statement. "He brings rare insight into how institutions can responsibly and creatively integrate bitcoin into their balance sheets."
Elder commented on his proposed appointment: "I am thrilled to join the TAO board to support the essential work of bringing a premier Bitcoin treasury strategy to the London Stock Exchange (LON:LSEG)."
TAO Alpha describes itself as a public company focused on Bitcoin treasury strategy and decentralized AI. The company noted that Elder’s appointment remains subject to the completion of customary due diligence checks by the company’s advisers.
A further announcement regarding the appointment, including any disclosures required under UK Listing Rule 6.4.8, will be made in due course.
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