TAO Synergies Becomes Largest Public Holder of Bittensor Token With $10M Purchase

Description

TAO Synergies (TAOX), formerly a biotech firm Synaptogenix, said it purchased $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 a press release . It plans to stake the tokens within the Bittensor network, which rewards participants for contributing to the development of AI models. The company’s bet on TAO, rather than on other cryptocu...