This depends on your hardware and the Bluetooth version that it supports. With Bluetooth v4.1, all restrictions have been removed and your device can be a peripheral connected to multiple centrals. This is mentioned at this link:-
Beginning with version 4.1 of the specification, any restrictions on
role combinations have been removed, and the following are all
possible:
A device can act as a central and a peripheral at the same time.
A central can be connected to multiple peripherals.
A peripheral can be connected to multiple centrals.
Previous versions of the specification limited the peripheral to a
single central connection (although not conversely) and limited the
role combinations.
You can find out the Bluetooth version of your device via hciconfig -a:-
hci0: Type: Primary Bus: USB
BD Address: 00:11:22:33:44:55 ACL MTU: 310:10 SCO MTU: 64:8
UP RUNNING
RX bytes:736 acl:0 sco:0 events:57 errors:0
TX bytes:5366 acl:0 sco:0 commands:57 errors:0
Features: 0xff 0xff 0xcf 0xfe 0xdb 0xff 0x5b 0x87
Packet type: DM1 DM3 DM5 DH1 DH3 DH5 HV1 HV2 HV3
Link policy: RSWITCH HOLD SNIFF PARK
Link mode: SLAVE ACCEPT
Name: 'uknown'
Class: 0x1c0000
Service Classes: Rendering, Capturing, Object Transfer
Device Class: Miscellaneous,
**HCI Version: 4.0 (0x6) Revision: 0x22bb**
LMP Version: 4.0 (0x6) Subversion: 0x22bb
Manufacturer: Cambridge Silicon Radio (10)
I would recommend using the bluetoothctl utility on Linux to advertise, instead of doing it through hcitool given that hcitool is deprecated and is also not very user friendly. More information on using bluetoothctl to advertise and accept incoming connections can be found here:-