Nasdaq-listed company Oblong pledges 8 million dollars in Bittensor tokens

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 the decentralized AI network. The company transformed in June to a "decentralized AI reserve strategy," focusing on accumulating TAO tokens and raised $8 million through stock warrants financing and public offerings.

Data shows that the current price of Bittensor tokens is $354.67, with a market capitalization of $3.4 billion. Previously, another listed company, xTAO, held 41,538 TAO, worth $14.7 million, making it the largest public holder of the token.