- Synaptogenix unveils $100M plan to build TAO-based crypto treasury.
- James Altucher leads strategy to merge decentralized AI with crypto.
- $5.5M funding secured; company rebrand planned to reflect new direction.
Synaptogenix, Inc. has revealed a new and bold plan to invest in cryptocurrency. The company is listed on Nasdaq under the ticker SNPX. TAO serves as the main focus and priority for the company’s digital asset plan since it leads in the AI crypto field by market and popularity.
Synaptogenix Sets $100M Goal in AI-Linked Token Holdings
In the beginning, Synaptogenix is preparing to spend $10 million on TAO tokens. This huge amount exceeds the company’s current value in the stock market by more than twice. Nevertheless, the company is determined to add even more products to the market. Its goal in the long term is to have holdings worth a total of $100 million. Furthermore, the company will cover this investment using the healthy funds and reliable balance sheet it has.
On top of that, the new strategy will be guided by James Altucher, who is well-known in crypto and AI. He will emphasize getting revenue from TAO staking and increasing the value of the token in the future. On the other hand, the company’s shareholders are expected to gain from its revenue now and future rise in value.
In addition, he stated why the company decided to adopt this approach. At the end of 2024, the company’s management and board began researching options to create more value from the money they had stored. After investigating, they discovered that digital assets are used by a variety of companies today in their operations. So, Synaptogenix agreed to become part of this trend.
Silverman believes that TAO is special because it relates to the quickly growing AI sector. There are only 21 million tokens available in total, which is why its supply is scarce. Since AI tools and services are needed in more and more parts of the world, TAO is an excellent choice.
Company Secures $5.5M in Funding to Fuel AI-Crypto Vision
Besides, James Altucher is well-versed in the industry. Over the years, he has worked in AI, crypto, and new forms of technology. His company started the first shop that got its payments in Bitcoin alone. Additionally, he has created academic papers and appeared to speak at big AI conferences globe.
Altucher believes that AI and crypto will grow side by side in the future. He mentioned that TAO is the top choice for decentralized AI and that Synaptogenix is the sole public enterprise solely devoted to this link. He thinks this move is wise for the future progress of the industries.
While the Bittensor network’s main token is called TAO. This system allows AI and machine learning development in a decentralized environment. Bittensor gives everyone a chance to develop and train AI systems. Payments are made to users for how much AI knowledge they offer. The rewards take the shape of TAO tokens.
In the near future, Synaptogenix wants to change its name and ticker symbol to reflect its new goals. A new website is currently being developed and will come out in the next few months.
Lastly, the company managed to secure $5.5 million in funding, with Altucher adding his financial support. The deal includes preferred stock and warrants, and it is anticipated to finish on June 10, 2025, once everything is approved. At its core, Synaptogenix is advancing in a significant way by connecting AI and crypto fields.
The post Synaptogenix Unveils TAO-Focused Crypto Treasury Plan appeared first on Live Bitcoin News.
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