Oblong Director Schechter Buys 10,000 Shares at $2.73/Share on September 16, 2025.

Oblong, Inc. [OBLG] has announced that Director Jonathan Schechter has recently purchased 10,000 shares at a price of $2.73 per share on September 16, 2025.

Oblong Inc. [OBLG], a company that has recently pivoted to focus on digital asset treasury and decentralized AI, has announced that Director Jonathan Schechter has purchased 10,000 shares of the company's stock. The shares were acquired at a price of $2.73 per share on September 16, 2025. This purchase comes amidst a series of strategic moves by Oblong, which has been investing in cryptocurrencies and decentralized AI networks.

The company's recent investment in TAO tokens, the cryptocurrency that powers the Bittensor decentralized AI network, has been a significant part of its pivot. Oblong invested $7 million into TAO tokens, holding over 21,700 tokens actively staked in the network Oblong invests $7 million in TAO cryptocurrency tokens^[1]. This investment is part of the company's long-term strategy to become a digital asset treasury company focused on decentralized AI.

The purchase by Director Schechter is notable as it signals a personal commitment to the company's strategic vision. The investment in TAO tokens and the recent share purchase are aligned with Oblong's strategy of holding and staking its tokens while seeking partnerships with subnet development teams Oblong invests $7 million in TAO cryptocurrency tokens^[1].

The move to invest in cryptocurrencies and AI networks has been accompanied by potential volatility and technological challenges, as acknowledged by CEO Pete Holst in a shareholder letter. However, the company positions these investments as a long-term value creation strategy Oblong invests $7 million in TAO cryptocurrency tokens^[1].

Oblong's recent activities highlight the growing trend of traditional companies diversifying into cryptocurrencies and blockchain technologies. The company's focus on digital assets and AI reflects the broader industry trends, where companies are leveraging these technologies to innovate and stay competitive.