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TAO Synergies Inc. (TAOX) announced it has purchased 29,899 TAO tokens for $10.0 million, at an average price of approximately $334 per token as of July 17, 2025.
The company stated it is now the largest publicly traded pure play TAO holder worldwide. TAO is the native token for Bittensor, a decentralized AI network that incentivizes machine intelligence development.
The purchases align with TAO Synergies’ digital asset treasury strategy focused on TAO tokens. The company plans to stake the tokens in the decentralized AI network for yield generation.
"We’re pleased with how we’ve positioned our initial $10 million in TAO purchases, having established our holdings at what we believe to be an attractive entry point relative to current market levels," said Executive Chairman Joshua Silverman. "We will continue to purchase TAO tokens as part of our ongoing strategy."
James Altucher, digital asset treasury strategist for TAO Synergies, compared decentralized AI and TAO to "the Internet in 1996 or Bitcoin in 2013/2014," stating that spending on decentralized AI is rising as investors seek exposure to AI infrastructure growth.
TAO Synergies describes itself as the first pure-play public company focused on cryptocurrency and artificial intelligence convergence. The company’s strategy centers exclusively on acquiring TAO tokens for staking and capital appreciation.
The company committed to providing periodic updates on treasury holdings and yields through press releases and SEC filings.