PANews, August 7 - According to The Block, Nasdaq-listed company Oblong announced that it has staked a total of $8 million worth of Bittensor (TAO) tokens to support network operations and incentivize AI innovators. Oblong shifted to a 'decentralized AI treasury' strategy in June, focusing on accumulating TAO. The company previously raised $7.5 million through a stock subscription to advance this strategy. In addition to Oblong, companies such as xTAO and TAO Synergies have also recently made large purchases and hold TAO. The current token price of Bittensor is $354.67, with a total market capitalization of approximately $3.4 billion.
