en.bitcoinsistemi.com
25 June 2025 09:41, UTC
While institutional investors announced reserve plans for Bitcoin, Ethereum and XRP one by one, a surprising move came from Nasdaq-listed giant Synaptogenix.
Accordingly, Synaptogenix made its first acquisition of Bittensor ($TAO).
According to the official statement, Synaptogenix (SNPX) announced that it acquired $TAO as part of its treasury strategy.
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It was also stated that BitGo was chosen as the custody, staking, and trading service provider.
Joshua Silverman, Chief Executive Officer at Synaptogenix, said:
“Under the guidance of our strategy leader, James Altucher, we made our first purchase of $TAO, the leading crypto Al token, and began staking the token for income generation and capital growth.
“We have chosen BitGo, a leader in the crypto industry, as the custodian for our $TAO assets. Our partnership with BitGo underscores our Company's commitment to both our pure-play crypto strategy and our long-term belief thesis for $TAO. Our top priority is to create significant value for our shareholders.”
The amount of the acquisition was not disclosed, but Synaptogenix previously announced it would invest up to $10 million in $TAO.
*This is not investment advice.
