TAO Synergies Expands Bittensor Holdings Amid Growing Interest in Decentralized AI

TAO Synergies, a Nasdaq-listed company, has significantly bolstered its treasury holdings in Bittensor, a decentralized artificial intelligence project. The company currently holds 42,111 TAO tokens, which it has acquired through purchases and staking. In July, TAO Synergies made a notable investment of $10 million in Bittensor tokens, further solidifying its strategy to focus on this digital asset. Following this announcement, the price of TAO saw a slight increase of about 3%, trading around $347, although it remains below its peak of $700 from December 2024.
The recent acquisition of Bittensor tokens adds to the 29,899 tokens that TAO Synergies purchased for $334 each earlier in July. Joshua Silverman, the executive chairman of TAO Synergies, emphasized the company’s commitment to accumulating TAO tokens through both purchases and staking. He stated that their strategy is centered around the intersection of decentralized AI and blockchain technology, positioning TAO Synergies as the largest publicly traded digital asset treasury company focused solely on the Bittensor network and its DeAI protocol.
In addition to its investment strategy, TAO Synergies has partnered with BitGo to leverage its infrastructure for the custody, staking, and trading of its TAO holdings. The company’s pivot towards AI-related cryptocurrencies began with its rebranding from Synaptogenix in late June. With the growing interest in decentralized AI, other companies like xTAO are also investing in Bittensor, with xTAO reporting holdings of 41,538 TAO tokens in July, indicating a broader trend in the market towards decentralized AI assets.
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