2025-06-10 08:04:39

This Company Bought Rp122 M of Bittensor Tokens, Its Shares Shot Up Nearly 30%

Oblong, a technology company from the United States (AS), has officially acquired Bittensor token (TAO) worth US$7.5 million or equivalent to Rp122 billion as part of the company's strategy to expand its digital asset portfolio.
As a result, the company's stock jumped nearly 30 percent in a day, after trading on Nasdaq closed, Monday (09/06) local time.
On the other hand, this step also demonstrates the company's seriousness in integrating artificial intelligence (AI) through crypto assets that support decentralized networks.
CEO Oblong Peter Holst emphasized that the goal of this investment is not just to pursue profits from the value of the Token. Rather, it is to contribute to the development of the Bittensor ecosystem for sustainable growth.
With this corporate action, Oblong paves the way for other public companies to consider AI-based digital assets as part of modern financial management.

TOKEN-23,75%

TAO0,95%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes