U.S. listed company Oblong spent $1.65 million to increase its stake in TAO

According to ChainCatcher news, Oblong's official announcement states that last week it spent $1.65 million to increase its holdings by 5,025 TAO, with an average purchase price of $328.38.

On June 6, Oblong announced that it raised $7.5 million through a private stock placement to purchase Bittensor's TAO tokens and participate in its Subnet 0 staking program.