TAO Synergies, a Bittensor-focused crypto treasury firm, has secured $11 million in private financing through a securities purchase agreement, marking another step in its ongoing pivot toward the fast-growing intersection of artificial intelligence and blockchain technology.
According to the company’s announcement on Monday, the funding involves the sale of 11,000 shares of newly issued Series E convertible preferred stock, each valued at $1,000. These shares can be converted into common stock at a rate of $8 per share, giving investors flexible exposure to TAO Synergies’ future growth.
TAO Synergies Inc.
Participants in the deal include existing shareholders, the company’s digital asset strategy advisor James Altucher, and new investor Digital Currency Group (DCG). The financing is expected to close on or around October 15, 2025, pending standard regulatory and closing conditions.
Altucher noted that the capital raise will bolster TAO Synergies’ efforts to expand its holdings and revenue opportunities within the Bittensor ecosystem, a decentralized platform that rewards users with TAO tokens for contributing valuable intelligence to improve AI models.
“This financing supports our continued strategic investments not only in TAO tokens, but also in broader opportunities to generate value within Bittensor,” Altucher said.
TAO Synergies, formerly known as Synaptogenix, completed a rebrand in June 2025, adopting its new name and ticker symbol TAOX to reflect its shift away from biotech and toward blockchain-based treasury management. The company has since positioned itself as the largest publicly traded holder of Bittensor (TAO), currently managing 42,111 tokens valued at approximately $18.2 million, according to TAO Treasuries data.
TAO Treasuries
Bittensor’s model stands out for merging AI development with crypto incentives, allowing participants to train, share, and enhance machine learning models while earning rewards based on their contributions’ usefulness. The open-access nature of the network promotes permissionless collaboration in AI innovation.
Following the announcement, TAO Synergies’ stock surged 38.46% to $9.54, boosting its market capitalization to $33.27 million. The company’s shares have gained roughly 60% over the past month, underscoring renewed investor interest in Bittensor-linked assets.
With fresh funding and growing momentum, TAO Synergies appears well-positioned to deepen its stake in one of the crypto sector’s most intriguing AI-driven ecosystems — a space that continues to attract investors seeking the next frontier of digital intelligence.
