AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
Oblong Director Schechter Buys 10,000 Shares at $2.73/Share on September 16, 2025.
ByAinvest
Tuesday, Sep 16, 2025 4:05 pm ET1min read
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 [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 [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 [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.
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet