Crypto News Today: TAO Synergies Snags $11M Boost in Crypto AI Bet
TAO Synergies raises $11 million in financing to grow its Bittensor (TAO) digital asset strategy and DeAI ecosystem investments.
TAO Synergies is a major digital asset treasury that is focused on the Bittensor (TAO) ecosystem, and they have raised a private placement financing round of 11 million.
The acquisition brought in current investors, such as digital asset strategy advisor James Altucher, and first-time investor Digital Currency Group (DCG), a crypto heavyweight in terms of investment and incubation.
This strategic capital injection will finance TAO Synergies’ investments in TAO tokens and increase its prospects of earning revenue within the decentralized AI (DeAI) architecture driven by Bittensor.
James Altucher articulated great optimism over the Bittensor network model, which he said holds potential to become one of the biggest sources of AI innovation and value creation in the coming years.
11,000 Shares of Convertible Stakes Spark Investor Buzz
The 11 million financing was done through issuing 11,000 shares of Series E convertible preferred stock at a stated price of 1,000 US dollars. Such shares will be exchanged into common stock at the price of eight dollars per share.
The deal also involves five-year warrants to buy additional common stock at the identical exercise price, which demonstrates the trust of the investors in the growth direction of TAO Synergies.
The fact that DCG is entering this round has been an essential signal of the rising institutional engagement in this intersection of blockchain and AI.
The treasury holdings at TAO Synergies already qualify it as the largest publicly traded Bittensor stakeholder with more than 42,000 TAO tokens valued at more than $18 million.
A standard close-out is to take place, and the transaction will be closed about October 15, 2025.
Bittensor’s Unique Model Drives DeAI Momentum
Bittensor is a permissionless system that aims to reward contributors to enhance AI systems.
The utility of the inputs provided to them is rewarded to the participants with TAO tokens. This open-source platform enables the development of AI together with the blockchain.
TAO Synergies, which is a development of the previous biotech company Synaptogenix whose focus was changed, is an AI-native digital treasury company that places all the tokens bought on a network as a bet.
The approach is reminiscent of actions of other crypto treasuries such as MicroStrategy in Bitcoin, establishing a fresh round of institutional bets in AI-crypto convergence.
The excitement about this news among the investors resulted in the increase of the TAO Synergies share by more than 38 percent in a day, which once again justified the trust in the innovative nature of the Bittensor ecosystem regarding decentralized intelligence.
The post Crypto News Today: TAO Synergies Snags $11M Boost in Crypto AI Bet appeared first on Live Bitcoin News.
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