TAO Synergies (TAOX) acquires nearly 30,000 TAO tokens worth $10M, becoming the largest publicly traded holder in Bittensorâs decentralized AI network.
Author: Tanishq Bodh
Written On: Sat, 19 Jul 2025 13:28:39 GMT
July 19, 2025 â In a major vote of confidence for decentralized AI, TAO Synergies Inc. (NASDAQ: TAOX) announced its acquisition of 29,899 TAO tokens from the Bittensor network for $10 million. This strategic purchase positions TAOX as the largest publicly traded holder of TAO, further blurring the lines between traditional finance and crypto-native infrastructure.
According to the announcement, the tokens were acquired at an average price of $334 per TAO. All tokens have since been staked on Bittensor to generate yield through the protocolâs decentralized machine learning networkâtransforming the investment into an active, yield-producing asset.
TAO Synergies, formerly Synaptogenix, has pivoted to become a pure-play company at the intersection of AI and digital assets. The firmâs treasury strategy is now modeled after pioneers like MicroStrategy, except focused on decentralized AI rather than Bitcoin.
By staking TAO tokens, the company earns rewards directly from the Bittensor subnet ecosystem, which runs open AI models and encourages collaboration via incentive-driven consensus. Current APYs for TAO staking hover around 23â24%, making it one of the highest-yielding decentralized protocols with real utility.
This positions TAOX to benefit from both token appreciation and ongoing staking incomeâan approach that investors see as long-term aligned with decentralized infrastructure growth.
Since the announcement, TAOX stock is up 1.1%, while TAO has seen its price rise toward $400, lifting the value of TAOXâs holdings to ~$12 million. Analysts suggest this move could catalyze a broader rally in TAO, with some speculating on an 80% price surge driven by increased institutional involvement.
This isnât just a bullish signal for Bittensorâit reflects a wider shift in how public companies are integrating crypto assets beyond just Bitcoin or Ethereum. The move echoes trends seen in the AI sector, where open networks like Bittensor are positioning themselves as cost-efficient alternatives to centralized giants like OpenAI.
The acquisition underscores the strategic alignment between TAO Synergiesâ mission and Bittensorâs open infrastructure. TAOX can now:
Moreover, upcoming Bittensor upgrades such as EVM support and decentralized TAO (dTAO) governance enhancements could significantly boost on-chain utility and value captureâfurther validating the investment thesis.
Metric | Details |
---|---|
Purchase Amount | $10 million |
Tokens Acquired | 29,899 TAO |
Avg. Token Price | ~$334 |
Current Estimated Value | ~$12 million |
Staking Status | 100% staked |
Stock Ticker | TAOX (NASDAQ) |
TAO Market Cap (approx.) | $3.5â4 billion |
Exchanges Available | Binance, Gate.io, MEXC |
As the decentralized AI landscape heats up, all eyes are now on TAO Synergies and Bittensor. Whether this becomes a template for future public companies entering crypto-native sectors remains to be seenâbut itâs already sparked one of the most talked-about crossovers between Wall Street and Web3 this quarter.
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