Safello, a major cryptocurrency exchange in the Nordics, acquired 229 TAO in 48 hours, increasing its bet on the decentralized AI network Bittensor.
Safello now holds nearly 700 TAO, 8 BTC, and 75 ETH in its crypto treasury, reflecting a total worth of over $1.4 million boosted by TAO's recent price surge.
The move signifies a broader institutional shift towards AI-native crypto assets, following similar strategies by companies like MicroStrategy and Galaxy Digital.
Safello's accumulation of TAO showcases a long-term perspective on the asset's potential within the AI and decentralization space, positioning the exchange as a pioneer in holding decentralized AI assets.