Twelve months ago, we didn’t have “Nasdaq companies aping into TAO” on the bingo card.
But here we are.
- Synaptogenix (SNPX) did a MicroStrategy-style bet on Bittensor stock jumped 40% after it announced a $10M TAO buy (2x its own market cap). They’re aiming for $100M.
James Altucher is leading it. $5.5M personal stake. They're releasing preferred shares and TAO-linked warrants. And a full rebrand incoming.
- Oblong (OBLG) is next. $7.5M raise to accumulate TAO and back Subnet 0. The stock popped after the announcement.
The thesis for these companies is simple: TAO is scarce, programmable, and productive. It’s the native asset of decentralized intelligence.
This won’t be the last. We’re watching the start of a public market land grab for crypto AI infrastructure.