Oblong acquires 5,025 $TAO tokens for $1.65 million to bolster decentralized AI strategy

TaoWeave, Inc.

Oblong Inc. (Nasdaq: OBLG) acquired 5,025 Bittensor ($TAO) tokens for $1.65 million using proceeds from $7.5 million June 2025 financing.
All 5,025 tokens are staked into the Bittensor network to support ecosystem and enhance treasury performance.
CEO Peter Holst stated this is the first of several planned weekly $TAO purchases and exploration of ecosystem partnerships.
Investment follows Oblong's June 6 pivot to decentralized AI; tokens purchased at average price of $328.38 per token.
Oblong will provide treasury performance updates including staking yields in Q2 2025 earnings and investor conferences.

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