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TAO Synergies (NASDAQ:TAOX) has acquired 29,899 TAO tokens for $10.0 million at an average price of $334 per token, becoming the largest publicly traded pure play TAO holder globally. The company is implementing its digital asset treasury strategy focused on Bittensor (TAO), a decentralized AI network token.
Executive Chairman Joshua Silverman expressed confidence in the entry point pricing, while Digital Asset Treasury Strategist James Altucher compared decentralized AI's current stage to the Internet in 1996 or Bitcoin in 2013/2014. The company views decentralized AI as a growing alternative to traditional centralized AI systems dominated by tech giants.
TAO Synergies Inc. (Nasdaq: TAOX), formerly known as Synaptogenix Inc. (Nasdaq: SNPX), has begun trading under its new ticker symbol "TAOX" on the Nasdaq Capital Market effective July 1, 2025. The company's rebranding reflects its strategic shift to focus on acquiring and staking TAO cryptocurrency, a leading AI cryptocurrency.
Executive Chairman Joshua Silverman stated that the company aims to leverage its team's expertise in the TAO ecosystem to optimize TAO staking, capitalizing on decentralized AI growth and institutional interest. The CUSIP for the company's common stock remains unchanged, and current stockholders are not required to take any action regarding the trading symbol change.
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