Oblong shares surge 20.10% intraday after rebranding to TaoWeave and pivoting to digital asset treasury with Bittensor (TAO) focus.

Oblong, Inc. surged 20.10% intraday following its announcement to rebrand as TaoWeave, Inc., a digital asset treasury company focused on decentralized AI and Bittensor (TAO). The name change, effective December 10, 2025, includes a ticker symbol shift to TWAV and reflects a strategic pivot to leverage emerging trends in AI and digital assets. CEO Peter Holst emphasized the company’s positioning at the intersection of these sectors, with a treasury policy allocating reserves to TAO. The move aims to provide investors with exposure to the Bittensor ecosystem through transparent treasury metrics on a new website. Despite prior struggles (down 32% in six months), the rebranding and focus on high-growth digital assets likely drove the sharp intraday rally, signaling optimism about the firm’s new direction.