Nordic cryptocurrency leader Safello secretly acquires TAO: The powerful Nordic player places an $114K wager on decentralized artificial intelligence
Safello Deepens Commitment to Decentralized AI Network Bittensor
Over the course of 48 hours, the leading Nordic cryptocurrency exchange, Safello, acquired 229 units of TAO, the native token of the AI-driven Bittensor protocol. This move signifies the exchange's strengthened bet on the decentralized AI network.
Currently, Safello's crypto treasury comprises 8 Bitcoins, 75 Ethereum, and 698 units of TAO. With approximate market values of $110,864 for BTC, $2,653 for ETH, and $465 for TAO, the exchange's crypto holdings top $1.4 million, significantly boosted by TAO's recent price rally.
The acquisition marks the third round of TAO accumulation for Safello in May. In a strategy reminiscent of dollar-cost averaging, the exchange offloaded 38 ETH, selling 19 ETH on each of the two days, to acquire the TAO tokens at an average cost of €370 per token.
TAO, the native asset of Bittensor, operates as a permissionless AI economy. Unlike traditional crypto protocols, Bittensor rewards participants for training and serving machine learning models. Its unique blend of AI and decentralization has earned it growing interest from both retail and institutional investors.
Safello's acquisition marks a significant step as one of the first regulated European exchanges to actively hold a decentralized AI asset as part of its strategic reserves. The move parallels a broader institutional pivot toward AI-native crypto assets, with companies like MicroStrategy and Galaxy Digital following similar strategies.
Safello's treasury strategy highlights an evolving approach among regulated institutions, which are beginning to diversify beyond Bitcoin and Ethereum, particularly in areas where emerging narratives like AI intersect with blockchain. The exchange reaffirms the belief that AI-native crypto assets will play a crucial role in shaping the future of internet-scale intelligence.
- The acquisition of TAO tokens by Safello signifies a strengthened bet not just on Bittensor, but also on the broader decentralized AI network.
- Alongside traditional cryptocurrencies like Bitcoin and Ethereum, Safello's treasury now includes TAO, a native asset of the AI-driven Bittensor protocol.
- The strategy of Safello in acquiring TAO tokens mirrors the concept of dollar-cost averaging, demonstrating a keen interest in data-and-cloud-computing and technology-driven assets.
- With the recent price rally of TAO, Safello's crypto holdings have surged to approximately $1.4 million, underscoring the potential of AI-native crypto assets in finance and investing.
- As one of the first regulated European exchanges, Safello's move to hold a decentralized AI asset is a significant step, reflecting a broader institutional shift towards AI-native crypto assets.
- In the future, Safello believes that AI-native crypto assets like TAO will play a pivotal role in shaping the landscape of internet-scale intelligence, particularly where artificial-intelligence intersects with blockchain technology.
