Synaptogenix is making a bold strategic shift, pivoting from its biotech roots to embrace the convergence of artificial intelligence and blockchain.
The company announced plans to acquire up to $100 million worth of Bittensor’s TAO, currently the leading AI-focused cryptocurrency by market capitalization.
This move represents a significant transformation for Synaptogenix. As part of its initial commitment, the company will invest $10 million into TAO—more than twice its current market valuation. The decision follows a thorough internal review aimed at optimizing its robust cash reserves. With TAO’s capped supply of 21 million tokens and its growing role in decentralized AI infrastructure, Synaptogenix views the asset as a long-term value engine.
Synaptogenix is pleased to announce the appointment of #crypto and AI expert to lead digital asset treasury strategy focused exclusively on top-valued #AI token. Read the press release: https://t.co/L2C9JiAXI1 $SNPX $TAO #Bittensor @jaltucher pic.twitter.com/SfP1kOc8ph
— Synaptogenix, Inc. (@synaptogenix) June 9, 2025
To spearhead the initiative, Synaptogenix has brought on James Altucher, a respected voice in both cryptocurrency and artificial intelligence. Altucher will lead the firm’s revenue-generating strategy, focusing on staking yields and token appreciation. Known for his early support of Bitcoin and his contributions to AI research, Altucher adds both credibility and strategic vision to the effort.
“This is a decisive step into the future,”
said Board Chairman Joshua Silverman.
“TAO offers unparalleled growth potential among AI tokens, and James brings the expertise we need to execute a high-impact treasury strategy.”
TAO underpins the Bittensor network, a decentralized ecosystem that rewards contributors, such as miners and validators, for advancing machine learning models. In line with this new direction, Synaptogenix is planning a full corporate rebrand, including a name change, ticker symbol update, and a redesigned website.
Additionally, the company has announced a $5.5 million private placement through the issuance of Series D preferred shares and five-year warrants, with Altucher participating in the offering. The financing is expected to close on June 10, pending standard closing conditions. Meanwhile, in a separate but thematically aligned development, Coinbase has introduced x402, a new payment protocol designed to enable instant stablecoin transactions directly over the internet using the HTTP protocol.
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