Oblong Staked 8 Million USD in Bittensor Tokens to Support AI Project Development

According to Chain News, it has been reported that Nasdaq-listed company Oblong has staked Bittensor (TAO) tokens worth 8 million USD to support network operations and incentivize AI innovators. Since June, Oblong has shifted to a 'decentralized AI treasury' strategy, focusing on accumulating TAO. Previously, the company raised 7.5 million USD through a stock subscription to promote this strategy. In addition to Oblong, companies like xTAO and TAO Synergies have also recently purchased and held a large amount of TAO. The current token price of Bittensor is 354.67 USD, with a total market capitalization of approximately 3.4 billion USD.