Oblong shares surge 11.48% intraday after rebranding to TaoWeave and pivoting to digital asset treasury.

Oblong surged 11.48% intraday following its announcement to rebrand as TaoWeave, Inc., shifting to a digital asset treasury company focused on Bittensor (TAO). The name change, effective December 10, 2025, aligns with the company’s pivot to decentralized AI and TAO staking, highlighted by CEO Peter Holst as a strategic opportunity. The rebrand includes a new ticker symbol "TWAV" and a dedicated website for treasury disclosures, signaling increased transparency. The move follows a $7 million investment in 21,700 TAO tokens, secured via institutional-grade infrastructure, underscoring its commitment to digital assets. After a six-month decline of over 32%, the repositioning appears to reinvigorate investor sentiment, particularly in the volatile digital asset sector, where TaoWeave’s high beta (3.14–4.61) suggests amplified market exposure.