ChainCatcher news, according to The Block, NASDAQ-listed company Oblong announced that it has staked $8 million worth of Bittensor (TAO) tokens to support the operation of this decentralized AI network. The company transitioned in June to a 'decentralized AI reserve strategy', focusing on accumulating TAO tokens, and raised $8 million through stock warrants financing and a public offering.

Data shows that the current price of Bittensor tokens is $354.67, with a market capitalization of $3.4 billion. Another listed company, xTAO, previously held 41,538 TAO, valued at $14.7 million, becoming the largest public holder of the token.