Oblong, a listed company, announced that it has pledged $8 million Bittensor (TAO) tokens

According to The Block, Oblong, a Nasdaq listed company, announced that it has fully pledged Bittensor (TAO) tokens worth $8 million to support network operations and incentivize AI innovators. Oblong has been shifting its focus since June; Decentralized AI Vault; Strategic focus on accumulating TAO. The company previously raised $7.5 million through stock subscription to advance this strategy. In addition to Oblong, companies such as xTAO and TAO Synergies have recently made significant purchases and holdings of TAO. The current token price of Bittensor is $354.67, with a total market value of approximately $3.4 billion.