[The publicly traded company Oblong announces it has staked $8 million in Bittensor (TAO) tokens] Jinse Finance reports that Nasdaq-listed company Oblong has fully staked Bittensor (TAO) tokens worth $8 million to support network operations and incentivize AI innovators. Since June, Oblong has shifted to a "decentralized AI treasury" strategy, focusing on accumulating TAO. The company previously raised $7.5 million through stock subscriptions to advance this strategy. In addition to Oblong, companies like xTAO and TAO Synergies have also recently purchased and held large amounts of TAO.
TAO4.36%