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Bitcoin (BTC), Ethereum (ETH) Not XRP! The giant company announced its reserve plan for the surprise altcoin!
As plans for reserves of Bitcoin, Ethereum, and XRP are announced one by one among institutional investors, a surprising move came from the publicly listed giant company Synaptogenix on Nasdaq.
Accordingly, Synaptogenix made its first Bittensor (TAO) purchase.
According to the official statement, Synaptogenix announced that it has purchased TAO as part of its treasury strategy (SNPX).
It was also stated that BitGo was chosen as the custodian, staking, and trading service provider.
Joshua Silverman, the CEO of Synaptogenix, said the following:
"Under the guidance of our strategy leader James Altucher, we made the first purchase of TAO, a leading crypto Al token, and started staking the token to generate income and increase capital.
We chose BitGo, a leader in the crypto sector, as the custodian for our TAO assets. Our partnership with BitGo emphasizes our commitment to both our Al pure play crypto strategy and our long-term belief thesis for TAO. Our top priority is to create significant value for our shareholders.
The purchase amount was not disclosed, but Synaptogenix had previously announced that it would invest up to 10 million dollars in TAO.
*This is not investment advice.
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