Oblong, Inc. (Nasdaq: OBLG) has further advanced its decentralized artificial intelligence (AI) treasury strategy by acquiring 5,025 $TAO tokens for $1.65 million, utilizing funds from its recently secured $7.5 million financing. This acquisition follows the company’s June 6, 2025, announcement to pivot its strategic focus toward decentralized AI.
The investment in $TAO, acquired at an average price of $328.38 per token, emphasizes Oblong’s commitment to building a treasury composed of decentralized AI assets. The company has staked all 5,025 tokens within the Bittensor network, which is a decentralized AI protocol designed to foster global collaboration in machine learning. This staking activity supports the Bittensor ecosystem while contributing to Oblong’s treasury performance.
Peter Holst, CEO of Oblong, stated that the initial $TAO purchase fulfills the company’s commitment to a forward-thinking reserve strategy and allows for exploration of partnerships within the Bittensor ecosystem. Holst noted that $TAO’s approach to AI offers exposure to a rapidly expanding sector.
This investment represents the first of several planned capital deployments within the Bittensor ecosystem. Oblong is evaluating additional $TAO purchases on a weekly basis and is also exploring potential technology development partnerships within the ecosystem. These initiatives aim to further align the company’s operational activities with its treasury strategy. Transparent updates on treasury performance, including staking yields and token holdings, are scheduled to be provided in Oblong’s Q2 2025 earnings results and at upcoming investor conferences.
Oblong, Inc. is a company currently developing a cryptocurrency treasury strategy focused on decentralized artificial intelligence (AI) through the acquisition of $TAO, the native cryptocurrency of Bittensor, a decentralized blockchain network for machine learning and AI. The company also provides video collaboration and network solutions, including its patented Mezzanine™ product line and managed services.
