Daniel Walker
TAO Synergies, a Bittensor-focused crypto treasury firm, has announced a new $11 million fundraising round through a securities purchase agreement, further cementing its position as a key institutional player in the AI-driven blockchain ecosystem.
According to the companyโs press release on Monday, TAO Synergies will issue 11,000 shares of its newly created Series E convertible preferred stock, each valued at $1,000. The preferred shares can be converted into common stock at a conversion price of $8 per share.
The funding round includes participation from existing shareholders, digital asset strategy advisor James Altucher, and a new strategic investor โ Digital Currency Group (DCG). The deal is expected to close around October 15, 2025, pending standard regulatory and contractual approvals.
Funding to Strengthen Bittensor Treasury and Ecosystem Growth
โThis latest financing reinforces TAO Synergiesโ mission to deepen its investments in TAO tokens and pursue new opportunities to generate yield and accumulate additional TAO within the Bittensor network,โ said James Altucher, the companyโs digital asset advisor.
The firm โ which rebranded from Synaptogenix to TAO Synergies (ticker: TAOX) in June 2025 โ has fully transitioned from its biotech origins to a crypto and AI infrastructure focus. It currently stakes all acquired TAO tokens to earn network rewards, contributing to the Bittensor ecosystemโs growth.
Inside the Bittensor Ecosystem
Bittensor is a decentralized AI protocol that merges artificial intelligence and blockchain technology through an open, incentive-based network. Participants contribute computing intelligence and receive TAO tokens as compensation based on the value their contributions bring to AI model performance.
The system operates in a permissionless and open-access framework, allowing developers and validators to coordinate freely and improve decentralized AI capabilities worldwide.
According to TAO Treasuries data, TAO Synergies is currently the largest publicly traded holder of TAO, with 42,111 tokens valued at over $18.2 million. Two other firms, xTAO Inc. and Oblong, also manage dedicated Bittensor treasury operations.
Market Reaction and Growth Outlook
Despite the announcement coming after market hours on Monday, TAO Synergiesโ stock (TAOX) surged 38.46% during the trading session, closing at $9.54. The companyโs market capitalization now stands at approximately $33.27 million, with shares up over 60% in the past month, according to Google Finance data.
The successful raise underscores growing institutional confidence in Bittensor and highlights TAO Synergiesโ expanding role as a publicly traded vehicle for decentralized AI exposure.
