TAO Synergies Invests $10 Million in Bittensor Tokens to Boost Treasury

TAO Synergies Inc., a Nasdaq-listed company, has made a significant move by acquiring 29,899 Bittensor tokens, known as TAO, for $10 million. This acquisition, completed at an average price of approximately $334 per token, has already seen a rise in value, with the tokens trading around $415 on July 18, 2025, bringing the total worth to approximately $12 million. The firm has committed to staking 100% of its TAO holdings to earn rewards from Bittensor’s decentralized AI network, which aims to enhance shareholder value through token yield.
Executive Chairman Joshua Silverman expressed confidence in the future of decentralized AI, likening its growth trajectory to that of early internet and Bitcoin adoption. He emphasized that the firm views decentralized AI as a sector poised for substantial growth, potentially surpassing centralized AI in terms of market share. This strategic acquisition aligns with a broader trend among U.S. micro-cap companies that are diversifying their treasury assets beyond Bitcoin, with other firms like SharpLink Gaming and BitMine Immersion also making significant investments in cryptocurrencies.
Previously known as Synaptogenix, TAO Synergies rebranded and changed its ticker to TAOX in June to focus on its Bittensor strategy. With a current market capitalization of $13 million, the company’s shares experienced a notable increase of over 4% in pre-market trading following the announcement. This move not only reflects a growing interest in decentralized finance but also highlights the evolving landscape of investment strategies in the cryptocurrency space, particularly among smaller public companies.
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