US-listed company Synaptogenix completes its first TAO token acquisition, appoints BitGo as custodian, and begins staking to earn yield.

On June 24th, according to PR Newswire, Synaptogenix (NASDAQ: SNPX), a US-listed biotechnology company, announced the completion of its first $TAO token acquisition as part of its recently announced cryptocurrency treasury strategy focused on artificial intelligence and machine learning. The company has selected digital asset infrastructure provider BitGo to provide qualified custody, staking, and trading services for its $TAO holdings.

Synaptogenix Executive Chairman Joshua Silverman stated that, under the guidance of James Altucher, Head of Crypto $TAO Strategy, the company has purchased leading crypto artificial intelligence tokens $TAO and has begun staking the tokens to generate yield and capital appreciation. Synaptogenix has begun generating yield through $TAO staking, with initial acquisition funds coming from the company's ample cash reserves. [深潮 TechFlow]