TAO Synergies Acquires $10M Worth of Bittensor's TAO Token, Becoming Largest Public Holder

TAO Synergies (TAOX) has purchased $10 million worth of Bittensor's TAO token, becoming the largest publicly traded holder. The company plans to stake the tokens within the Bittensor network, which rewards participants for contributing to the development of AI models. The decision to invest in TAO is based on the expected growth and expansion of decentralized AI.

TAO Synergies (TAOX), formerly a biotech firm Synaptogenix, has made a significant investment by purchasing $10 million worth of Bittensor's TAO token, becoming the largest publicly traded holder of the cryptocurrency. The New York-based company has acquired 29,899 TAO tokens at an average price of $334 each, according to a press release. The company plans to stake these tokens within the Bittensor network, which rewards participants for contributing to the development of AI models [1].

The decision to invest in TAO is based on the company's belief in the expected growth and expansion of decentralized AI. According to Executive Chairman Joshua Silverman, "We’re pleased with how we’ve positioned our initial $10 million in TAO purchases, having established our holdings at what we believe to be an attractive entry point relative to current market levels. We will continue to purchase TAO tokens as part of our ongoing strategy. Our conviction in TAO is driven by the expected continued growth and expansion of decentralized AI, which is gaining significant traction as a portion of total AI spend. We believe that decentralized AI has the potential to eventually surpass centralized AI" [2].

The move has been well-received by the market, with TAOX shares closing up 7.55% in Friday's trading session and moving up an additional 1.29% in after-hours trading to $10.24. TAO went up 7% over the past week but is down 2.5% in the last 24-hour period [3].

This acquisition sets a precedent in decentralized staking and aligns with a broader trend among U.S. micro-cap companies diversifying their treasury assets beyond Bitcoin. Other firms like SharpLink Gaming and BitMine Immersion have also made significant investments in cryptocurrencies [4].

References:
[1] https://finance.yahoo.com/news/tao-synergies-becomes-largest-public-144133183.html
[2] https://coincu.com/349437-tao-synergies-bittensor-purchase/
[3] https://www.coindesk.com/business/2025/07/19/tao-synergies-becomes-largest-public-holder-of-bittensor-token-with-10m-purchase
[4] https://depinscan.io/news/2025-07-18/tao-synergies-invests-10-million-in-bittensor-to-boost-treasury