Oblong Invests $1.65 Million in TAO Tokens for Decentralized AI Strategy

Oblong, Inc., a NASDAQ-listed company, has made a significant investment in the cryptocurrency market by acquiring 5,025 TAO tokens for $1.65 million. This purchase was made at an average price of $328.38 per token, utilizing proceeds from the company's recent $7.5 million financing. The investment is part of Oblong's broader strategy to pivot towards decentralized artificial intelligence (AI), a decision announced on June 6, 2025.

The acquisition of TAO tokens is a key component of Oblong's decentralized AI strategy, focusing on Bittensor's decentralized AI protocol. Bittensor fosters global collaboration in machine learning, and by staking all 5,025 tokens in the Bittensor network, Oblong is actively supporting the ecosystem while enhancing its treasury's performance. Peter Holst, CEO of Oblong, emphasized that this initial purchase fulfills the company's commitment to a forward-thinking reserve. He also highlighted the potential for exploring partnerships within the Bittensor ecosystem, noting that TAO's innovative AI approach offers compelling exposure to a rapidly growing sector.

This investment is the first of several planned acquisitions in the Bittensor ecosystem. Oblong is evaluating additional TAO purchases on a weekly basis and is exploring partnerships within the ecosystem to potentially develop new technology offerings. The company aims to align its operational and treasury strategies, providing transparent updates on treasury performance, including staking yields and token holdings, in its Q2 2025 earnings results and at upcoming investor conferences.

Oblong, Inc. is building a robust cryptocurrency treasury focused on decentralized AI and the acquisition of TAO, the native cryptocurrency of Bittensor. The company also provides innovative video collaboration and network solutions, centered around its patented Mezzanine™ product line and managed services. This strategic investment in TAO tokens not only supports the Bittensor ecosystem but also positions Oblong as a leader in the decentralized AI sector, offering investors exposure to a rapidly growing and innovative market.