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Oblong, Inc. (NASDAQ:OBLG) President and CEO Holst Peter reported purchasing 10,000 shares of common stock on November 14, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were bought at a price of $1.84, totaling $18,400. Following the transaction, Holst Peter directly owns 10,544 shares of Oblong, Inc.
In other recent news, Oblong, Inc. has made a significant shift in its business strategy by investing $7 million in digital assets. The company acquired over 21,700 TAO tokens, a cryptocurrency associated with the Bittensor decentralized AI network. According to a shareholder letter, these tokens are actively staked on the network, indicating a strategic move into the digital asset space. The company has ensured the security of these assets by utilizing BitGo’s institutional-grade infrastructure, which includes cold storage and multi-signature wallets for offline key management. This development marks a notable pivot for Oblong, as it embraces the growing importance of digital currencies and blockchain technology. While the company has not disclosed further plans regarding this investment, the move aligns with a broader trend of companies diversifying into digital assets.
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