Why Synaptogenix Chose Bittensor (TAO) as a Reserve Asset
The post Why Synaptogenix Chose Bittensor (TAO) as a Reserve Asset appeared on BitcoinEthereumNews.com.
Firms worldwide are accelerating their efforts to integrate digital assets into their financial frameworks. While Bitcoin (BTC) has been the go-to choice, many companies are now diversifying into major altcoins like Ethereum (ETH), XRP (XRP), and Solana (SOL). Besides these, AI tokens have emerged as compelling contenders for institutional investment. Recently, Synaptogenix adopted Bittensor (TAO) as a reserve asset. In an exclusive interview with BeInCrypto, Synaptogenix outlined the motivations behind this strategic move and why TAO was chosen over Bitcoin. Why Did Synaptogenix Choose Bittensor (TAO)? On June 9, BeInCrypto reported that Synaptogenix, a clinical-stage biopharmaceutical company, launched a TAO treasury strategy to acquire $100 million worth of tokens. To start with, the firm announced that it will spend $10 million to buy TAO using its cash reserves and balance sheet. This amount, more than double Synaptogenix’s current market capitalization of $4.98 million, highlighted its commitment and confidence in TAO. A spokesperson told BeInCrypto that the decision stems from a belief in the untapped potential of decentralized AI. The spokesperson explained that despite the crypto’s massive $3 trillion market capitalization, it remains underrepresented in public equity markets. They pointed to Strategy’s (formerly MicroStrategy) success under Michael Saylor, who demonstrated that holding Bitcoin in corporate treasuries can yield significant returns. Bitcoin represents a bet on “crypto as currency,” while Ethereum and Solana focus on decentralized finance—sectors projected to grow into trillions. However, Synaptogenix sees an even greater opportunity in the convergence of crypto and AI. “AI companies have reached a market cap of nearly $500 billion, while TAO, the leading decentralized AI token, is valued at only $3 billion. Despite its growth, TAO’s value remains underappreciated as interest in decentralized AI increases,” the spokesperson noted. They highlighted that venture capital investment in decentralized AI grew by 200% in 2024. Notably, as…
Filed under: News - @ June 24, 2025 8:28 pm