Synaptogenix announces initial TAO acquisition

Synaptogenix (SNPX) announced its initial purchase of TAO as part of the company’s cryptocurrency treasury strategy focused exclusively on artificial intelligence and machine learning. BitGo, provider of digital asset solutions, has been selected to provide qualified custody, staking and trading services for Synaptogenix’s TAO holdings. BitGo will secure Synaptogenix’s digital assets in regulated, insured cold storage with BitGo Trust Company and facilitate the company’s planned acquisitions of TAO through its affiliated trading platforms. TAO will be staked directly from qualified custody with BitGo Trust. The initial acquisition of TAO was funded by the company’s cash reserves and balance sheet.