- Oblong, Inc. (OBLG, Financial) strengthens its decentralized AI strategy by acquiring 5,025 $TAO tokens for $1.65 million.
- The investment is funded by a recent $7.5 million financing and is fully staked in the Bittensor ecosystem.
- Oblong plans further investments in the decentralized AI sector, focusing on the Bittensor protocol.
Oblong, Inc. (OBLG) has announced a pivotal move to bolster its decentralized AI strategy by purchasing 5,025 $TAO tokens, using $1.65 million from a recent $7.5 million capital raise. The acquisition, at an average price of $328.38 per token, reflects Oblong’s commitment to integrating high-growth assets within its treasury management framework.
The investment marks a significant step in aligning Oblong's operations with decentralized AI initiatives, specifically through staking all acquired tokens within the Bittensor network. This commitment not only supports Bittensor’s decentralized AI protocol, promoting global machine learning collaboration but also seeks to enhance treasury performance through innovative asset management.
CEO Peter Holst underlined that the initiative supports Oblong’s transition towards a forward-thinking reserve strategy while offering investors exposure to the rapidly growing decentralized AI sector. The company is actively exploring additional weekly acquisitions of $TAO tokens and potential partnerships within the Bittensor ecosystem, aiming to develop new technology offerings.
Oblong has pledged to maintain transparency with shareholders by providing updates on treasury performance, including staking yields and token holdings, in its Q2 2025 earnings report and future investor conferences.
