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Oblong Inc. (OBLG) announced it has invested $8 million in Bittensor’s $TAO cryptocurrency, with the entire position fully staked through a validator on the network.
The investment represents Oblong’s entry into decentralized artificial intelligence networks. Bittensor operates as a blockchain-based marketplace for AI development, where staking $TAO tokens supports network operations and rewards participants.
"Our $8 million $TAO investment, fully staked for strong returns, shows our commitment to a decentralized AI revolution," said Pete Holst, CEO of Oblong. "Our goal is to build wealth for investors while advancing a global AI community."
Oblong stated it will evaluate additional $TAO purchases weekly and explore partnerships within the Bittensor ecosystem for potential technology development. The company plans to provide updates on its treasury performance, including staking yields and token holdings, in its second quarter 2025 financial results.
The company describes itself as building a cryptocurrency treasury focused on decentralized AI and $TAO acquisition. Bittensor operates as a decentralized blockchain network for machine learning and AI applications.
The information is based on a press release from Oblong Inc.