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Synaptogenix Inc. has expanded its cryptocurrency treasury strategy by purchasing TAO, an AI token, and partnering with BitGo for enhanced digital asset management. This collaboration will utilize BitGo's custody, trading, and staking capabilities to generate token-based yield and secure assets through regulated cold storage. The company, led by James Altucher, has started staking TAO to generate revenue and enhance shareholder value.
Synaptogenix (NASDAQ: SNPX) has revealed its strategic move of deploying capital into TAO to enhance its blockchain treasury model. This initiative leverages BitGo's custody, trading, and staking capabilities to generate token-based yield. The company made the announcement from New York on June 24, 2025. This development marks the initial purchase by Synaptogenix as it drives forward with this new venture.
Synaptogenix Inc. has announced its acquisition of TAO as part of its cryptocurrency treasury strategy, focusing on AI and machine learning. BitGo has been appointed as the custodian for TAO holdings, ensuring secure storage and facilitating acquisitions through its trading platforms. This acquisition, funded by cash reserves, initiates revenue generation through TAO staking, highlighting Synaptogenix's commitment to its crypto strategy and long-term value creation.