other_material
confidence high
sentiment positive
materiality 0.70
Oblong deploys $8M in staked $TAO, forms Advisory Committee with $TAO expert Siam Kidd
TaoWeave, Inc.
- Oblong invested $8M in Bittensor ($TAO) tokens, fully staked with a main validator to earn yields and support the network.
- Company appointed Siam Kidd, CIO of DSV Fund (first $TAO-dedicated hedge fund), as inaugural Advisory Committee member.
- Kidd will guide treasury strategy to capture value across Bittensor's subnet ecosystem ($1B+ market cap, 50M+ daily AI inferences).
- Oblong will evaluate additional weekly $TAO purchases and provide treasury performance updates in Q2 2025 earnings.