Nasdaq-listed TAO Synergies has disclosed holdings of 42,111 Bittensor (TAO) tokens as of August 5, acquired through direct purchases and staking rewards. The company—rebranded from Synaptogenix in late June 2025—positions itself as the world's first publicly traded digital asset vault exclusively focused on Bittensor's decentralized artificial intelligence (DeAI) protocol.
In July alone, TAO Synergies acquired $10 million worth of TAO (approximately 29,899 tokens at $334 each) and continues accumulating through ongoing purchases and staking. Executive Chairman Joshua Silverman emphasized their strategy: "Our TAO-focused crypto strategy is anchored at the intersection of decentralized AI and blockchain. We've become the world’s largest publicly traded digital asset treasury focused on Bittensor in just two months." The firm partners with BitGo for custody, staking, and trading infrastructure.
This accumulation has already influenced TAO's market performance, triggering a 3% price surge to $347 within 24 hours of the announcement. Despite TAO trading well below its December 2024 peak of $700, institutional interest is intensifying, with rival firm xTAO holding 41,538 tokens.