Synaptogenix Announces Initial TAO Acquisition under Crypto Treasury Strategy, Appoints BitGo as Custodian, and Commences Yield Generation Through Staking
Synaptogenix (NASDAQ: SNPX) has initiated its cryptocurrency treasury strategy with its first purchase of TAO tokens, focusing on AI and machine learning investments. The company has appointed BitGo as its custodian to provide qualified custody, staking, and trading services for its TAO holdings.
Under the leadership of James Altucher, the company's Crypto TAO strategy leader, Synaptogenix has begun staking TAO tokens for revenue generation and capital appreciation. BitGo will secure the digital assets in regulated, insured cold storage and facilitate TAO acquisitions through its trading platforms and OTC desk.
Synaptogenix (NASDAQ: SNPX) ha avviato la sua strategia di tesoreria in criptovalute con il primo acquisto di token TAO, concentrandosi su investimenti in AI e apprendimento automatico. L'azienda ha nominato BitGo come custode per fornire servizi qualificati di custodia, staking e trading per le sue partecipazioni in TAO.
Sotto la guida di James Altucher, responsabile della strategia Crypto TAO dell'azienda, Synaptogenix ha iniziato a mettere in staking i token TAO per generare reddito e apprezzamento del capitale. BitGo proteggerà gli asset digitali in cold storage regolamentato e assicurato e faciliterà l'acquisto di TAO tramite le sue piattaforme di trading e il desk OTC.
Synaptogenix (NASDAQ: SNPX) ha iniciado su estrategia de tesorería en criptomonedas con su primera compra de tokens TAO, enfocándose en inversiones en IA y aprendizaje automático. La compañía ha designado a BitGo como custodio para ofrecer servicios calificados de custodia, staking y trading para sus tenencias de TAO.
Bajo el liderazgo de James Altucher, líder de la estrategia Crypto TAO de la empresa, Synaptogenix ha comenzado a hacer staking de los tokens TAO para generar ingresos y apreciación de capital. BitGo asegurará los activos digitales en almacenamiento en frío regulado y asegurado, y facilitará las adquisiciones de TAO a través de sus plataformas de trading y mesa OTC.
Synaptogenix (NASDAQ: SNPX)는 AI 및 머신러닝 투자에 중점을 두고 첫 번째 TAO 토큰 구매를 통해 암호화폐 재무 전략을 시작했습니다. 회사는 TAO 보유 자산에 대한 자격을 갖춘 보관, 스테이킹 및 거래 서비스를 제공하기 위해 BitGo를 수탁자로 임명했습니다.
회사 내 Crypto TAO 전략 책임자인 James Altucher의 지도 아래 Synaptogenix는 수익 창출과 자본 이익을 위해 TAO 토큰 스테이킹을 시작했습니다. BitGo는 규제되고 보험이 적용된 콜드 스토리지에 디지털 자산을 안전하게 보관하며, 거래 플랫폼과 OTC 데스크를 통해 TAO 매입을 지원할 것입니다.
Synaptogenix (NASDAQ : SNPX) a lancé sa stratégie de trésorerie en cryptomonnaies avec son premier achat de tokens TAO, axée sur les investissements en IA et apprentissage automatique. La société a nommé BitGo comme dépositaire pour fournir des services qualifiés de garde, de staking et de trading pour ses avoirs en TAO.
Sous la direction de James Altucher, responsable de la stratégie Crypto TAO de la société, Synaptogenix a commencé à staker des tokens TAO pour générer des revenus et une appréciation du capital. BitGo sécurisera les actifs numériques dans un cold storage réglementé et assuré, et facilitera les acquisitions de TAO via ses plateformes de trading et son desk OTC.
Synaptogenix (NASDAQ: SNPX) hat seine Kryptowährungs-Treasury-Strategie mit dem ersten Kauf von TAO-Token gestartet und konzentriert sich auf Investitionen in KI und maschinelles Lernen. Das Unternehmen hat BitGo als Verwahrer bestellt, um qualifizierte Verwahr-, Staking- und Handelsdienstleistungen für seine TAO-Bestände bereitzustellen.
Unter der Leitung von James Altucher, dem Leiter der Crypto TAO-Strategie des Unternehmens, hat Synaptogenix mit dem Staking der TAO-Token begonnen, um Einnahmen zu generieren und Kapitalwertsteigerungen zu erzielen. BitGo wird die digitalen Vermögenswerte in reguliertem, versichertem Cold Storage sichern und TAO-Erwerbe über seine Handelsplattformen und OTC-Desk erleichtern.
- Initial TAO token acquisition funded by existing cash reserves
- Partnership with BitGo for secure, regulated custody services
- Revenue generation initiated through TAO token staking
- Access to deep liquidity via BitGo's OTC desk
- Exposure to volatile cryptocurrency market risks
- Concentration risk by focusing exclusively on TAO tokens
- Departure from traditional business model into speculative crypto assets
Insights
Synaptogenix's TAO investment marks a strategic pivot, using crypto staking for yield generation while adopting institutional-grade custody solutions.
Synaptogenix has initiated its cryptocurrency treasury strategy by purchasing TAO tokens and deploying BitGo's infrastructure for custody and yield generation through staking. This represents a significant strategic pivot for a NASDAQ-listed company, as they're actively allocating capital from their cash reserves into cryptocurrency assets focused specifically on AI and machine learning applications.
The company has chosen TAO specifically because it's positioned as "the leading crypto AI token" - indicating a targeted approach rather than broader crypto exposure. By implementing staking, Synaptogenix has created a new revenue generation mechanism, essentially putting their treasury assets to work rather than sitting idle.
The selection of BitGo as custodian is particularly noteworthy. BitGo provides regulated, insured cold storage through BitGo Trust Company, which addresses the security and compliance concerns that would typically prevent traditional public companies from holding digital assets. This institutional-grade custody solution significantly reduces counterparty and security risks.
From a treasury management perspective, this move signals that Synaptogenix is attempting to potentially outperform traditional cash management strategies by generating yield through cryptocurrency staking while simultaneously seeking capital appreciation on the underlying TAO tokens. However, this approach also introduces significant volatility and regulatory uncertainty compared to traditional treasury management approaches.
The fact that this initiative is being led by James Altucher, a well-known figure in both cryptocurrency and investment circles, suggests Synaptogenix is leveraging specific expertise to execute this unconventional strategy. This move represents one of the more aggressive treasury management approaches among public companies, joining a small but growing number of firms allocating portions of their treasury to digital assets.
Strategic capital deployment into TAO advances Synaptogenix's blockchain treasury model, leveraging BitGo's custody, trading and staking capabilities to generate token-based yield
"Under the guidance of James Altucher, our Crypto TAO strategy leader, we made our initial purchase of TAO, the leading crypto Al token, and have begun staking the token for revenue generation and capital appreciation," said Joshua Silverman, Executive Chairman at Synaptogenix. "We have engaged BitGo, the leader in crypto infrastructure, as custodian for our TAO holdings. Our partnership with BitGo underscores our Company's commitment to both our Al pure play crypto strategy and our long-term conviction thesis for TAO. Our top priority is significant value creation for our shareholders."
BitGo will secure Synaptogenix's digital assets in regulated, insured cold storage with BitGo Trust Company, Inc. and facilitate the Company's planned acquisitions of TAO through its affiliated trading platforms1, including access to deep liquidity via its OTC desk. TAO will be staked directly from qualified custody with BitGo Trust, enabling Synaptogenix to generate yield while maintaining the highest standards of security and regulatory compliance. BitGo's client service model and clients further reinforce its ability to meet Synaptogenix's unique digital asset needs. The Company has begun to generate revenue through TAO staking. The initial acquisition of TAO was funded by the Company's significant cash reserves and well-capitalized balance sheet.
About BitGo
BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a large global presence through multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, as well as millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.
Forward-Looking Statements
Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. Such forward-looking statements are subject to risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update these forward-looking statements.
Contact
800-811-5591
ir@synaptogen.com
press@bitgo.com
1 BitGo trading/OTC services are provided by BitGo Prime, LLC or BitGo Hong Kong Limited.
View original content:SOURCE Synaptogenix, Inc.
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