Nasdaq Firm Makes First Crypto Move With Bittensor Acquisition

Biotech firm Synaptogenix has made an unexpected move into the crypto space, revealing its first acquisition of Bittensor (TAO) as part of a broader treasury diversification strategy.

The company confirmed the purchase in an official statement, marking a shift in focus toward digital assets, with a particular emphasis on crypto projects tied to artificial intelligence. Though the exact size of the TAO investment remains undisclosed, Synaptogenix previously hinted it could allocate up to $10 million toward the asset.

To manage its new crypto position, Synaptogenix has partnered with BitGo, which will handle custody, trading, and staking services. CEO Joshua Silverman credited strategy advisor James Altucher for steering the firm toward TAO, calling it a long-term bet on both income generation and AI-driven blockchain innovation.

READ MORE:

Wealthy Clients Demand Better Crypto Expertise from Advisors

“Our alliance with BitGo and the choice to invest in TAO reflect our belief in the asset’s potential to deliver value over time,” Silverman said, positioning the move as a step toward long-term shareholder growth.

As institutional players build exposure to familiar names like Bitcoin and Ethereum, Synaptogenix’s pivot toward TAO places it among the early adopters of next-generation AI-integrated crypto assets.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.