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TAO Synergies raised 11 million dollars for the TAO Token fund

TapChiBitcoin
TAO-2,43%

TAO Synergies Inc. (NASDAQ: $TAOX) announced that it has raised 11 million USD through a private placement to support the digital asset custody strategy surrounding the TAO token of the Bittensor ecosystem. The company will issue 11,000 Series E preferred shares, with a par value of 1,000 USD/share, convertible into common stock at a price of 8 USD, along with stock purchase warrants for 5 years.

The issuance involves the participation of Digital Currency Group (DCG) and advisor James Altucher. The raised capital will be used to expand holdings and staking of TAO tokens to generate revenue in the Bittensor network.

TAO Synergies claims to be the first public company focused on the intersection of cryptocurrency and artificial intelligence (AI). The transaction is expected to be completed on October 15, 2025. TAOX shares rose by 38.46% to 9.54 USD following this information.

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