Nasdaq-listed company Synaptogenix has made the unexpected acquisition of Bittensor (TAO) as part of its long-term financial strategies.
Acquisition of Bittensor
Synaptogenix (SNPX) announced its first purchase of Bittensor (TAO) as part of its treasury strategy. The amount of the acquisition was not disclosed, but it was previously announced that the company would invest up to $10 million in TAO.
Partnership with BitGo
The official statement confirmed that BitGo was selected as the custody, staking, and trading service provider for TAO assets.
Company Strategy
Joshua Silverman, Chief Executive Officer at Synaptogenix, stated: "We made our first purchase of TAO, the leading crypto AI token, and began staking the token for income generation and capital growth." He highlighted that their partnership with BitGo reinforces their commitment to a pure-play crypto strategy.
The acquisition of Bittensor represents a significant step for Synaptogenix within their long-term strategy in the cryptocurrency market, emphasizing their commitment to creating additional value for shareholders.
