Institutional investors have announced one spare plan for Bitcoin, Ethereum and XRP, but an astonishing move has emerged from the huge Synaptogenix registered with the NASDAQ.
Therefore, Synaptogenix made its first acquisition of Bittensor (TAO).
According to an official statement, Synaptogenix (SNPX) announced that it has acquired TAO as part of its financial strategy.
It was also stated that BITGO was selected as a custody, staking and trading service provider.
“We are pleased to announce that Synaptogenix’s CEO Joshua Silverman said:
“Under the guidance of Strategic Leader James Altucher, we first purchased Tao, the main crypto al token, and began to soak up the tokens for revenue generation and capital growth.
“We chose Bitgo, the leader of the Crypto industry as the manager of TAO assets, a leader in the Crypto industry. Our partnership with Bitgo highlights our commitment to both pure play crypto strategies and long-term beliefs on TAO.
The amount of the acquisition has not been disclosed, but Synaptogenix has previously announced that it will invest up to $10 million in TAO.
*This is not investment advice.