Synaptogenix Acquires Bittensor’s TAO for AI Crypto Treasury
The biopharmaceutical company is working with BitGo as a custodian to acquire up to $100 million worth of AI and machine learning crypto tokens.
As publicly traded companies continue to venture out along the risk curve with cryptocurrency treasury models, biomedical company Synaptogenix is the latest to step into the arena, having made its initial purchase of Bittensor’s TAO tokens today.
The company’s treasury will focus exclusively on artificial intelligence (AI) and machine learning related tokens, beginning with $10 million in TAO; however, according to the first press release, the company aims to acquire $100 million worth of TAO, which would be worth nearly 20 times the company’s current market capitalization.
Synaptogenix is…
