$10 Million Investment in Decentralized AI by TAO Synergies
In a bold move highlighting the intersection of cryptocurrency and artificial intelligence, TAO Synergies (TAOX) has acquired $10 million worth of Bittensor’s TAO tokens, making it the largest publicly traded holder of the asset. The New York-based company, previously known as Synaptogenix, purchased 29,899 TAO tokens at an average price of $334.
This strategic investment marks a growing corporate shift toward decentralized AI ecosystems, diverging from the traditional focus on Bitcoin and Ethereum for treasury holdings.
Bittensor Network to Benefit from Token Staking
TAO Synergies has announced plans to stake its newly acquired tokens within the Bittensor network, which is designed to reward users who contribute to training AI models. Unlike conventional networks, Bittensor is built to facilitate decentralized machine learning, where rewards are distributed based on value-added contributions to AI.
Staking TAO will allow TAOX to actively participate in the development and incentivization of decentralized AI, reinforcing their long-term belief in the growth of the sector.
TAOX Stock Gains Momentum After Crypto Announcement
Following the announcement, TAOX shares rose by 7.55% during Friday’s trading session, with an additional 1.29% gain after-hours. This upward momentum reflects growing investor confidence in the company’s pivot to digital assets and AI.
Executive Chairman Joshua Silverman stated that the investment aligns with the company’s belief in the continued expansion of decentralized AI, an area he describes as one of the most transformative opportunities of the decade.
TAO Joins BTC and ETH in Corporate Treasury Evolution
Traditionally, Bitcoin and Ethereum have dominated corporate crypto holdings, with public companies now holding over 860,000 BTC and 1.8 million ETH according to recent treasury data. However, TAO Synergies’ move signals a diversification trend, as companies begin to recognize the unique value propositions of emerging tokens tied to specific technologies.
This could pave the way for other institutional players to explore assets beyond the standard BTC and ETH portfolios, especially in sectors like AI, gaming, and Web3 infrastructure.
As institutional interest in AI-powered blockchain platforms accelerates, TAO’s growing adoption may reflect a larger trend of convergence between AI development and decentralized systems.
Disclaimer
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