Synaptogenix (NASDAQ: SNPX) has announced a major strategic shift by launching a cryptocurrency treasury strategy focused exclusively on Bittensor's TAO token, the leading AI cryptocurrency by market cap. The company plans an initial $10 million TAO token acquisition, with a total target of $100 million. Crypto and AI expert James Altucher will lead the TAO-based revenue generation strategy, focusing on staking yield and token appreciation. The company has also secured $5.5 million in financing through Series D convertible preferred stock at $3.00 per share. Synaptogenix plans to change its name and ticker symbol to align with this new digital asset strategy. The initial TAO acquisition, representing over twice the company's current market value, will be funded through existing cash reserves.
Synaptogenix (NASDAQ: SNPX) ha annunciato un importante cambiamento strategico lanciando una strategia di tesoreria in criptovalute focalizzata esclusivamente sul token TAO di Bittensor, la principale criptovaluta AI per capitalizzazione di mercato. L'azienda prevede un'acquisizione iniziale di token TAO per 10 milioni di dollari, con un obiettivo totale di 100 milioni di dollari. L'esperto di criptovalute e AI James Altucher guiderà la strategia di generazione di ricavi basata su TAO, concentrandosi sul rendimento dello staking e sull'apprezzamento del token. La società ha inoltre ottenuto un finanziamento di 5,5 milioni di dollari tramite azioni privilegiate convertibili di Serie D a 3,00 dollari per azione. Synaptogenix intende cambiare nome e simbolo di borsa per allinearsi a questa nuova strategia di asset digitali. L'acquisizione iniziale di TAO, che rappresenta più del doppio del valore di mercato attuale della società, sarà finanziata con riserve di cassa esistenti.
Synaptogenix (NASDAQ: SNPX) ha anunciado un cambio estratégico importante al lanzar una estrategia de tesorería en criptomonedas centrada exclusivamente en el token TAO de Bittensor, la principal criptomoneda de IA por capitalización de mercado. La compañía planea una adquisición inicial de tokens TAO por 10 millones de dólares, con un objetivo total de 100 millones. El experto en criptomonedas e IA James Altucher liderará la estrategia de generación de ingresos basada en TAO, enfocándose en el rendimiento del staking y la apreciación del token. La empresa también ha asegurado 5,5 millones de dólares en financiamiento mediante acciones preferentes convertibles Serie D a 3,00 dólares por acción. Synaptogenix planea cambiar su nombre y símbolo bursátil para alinearse con esta nueva estrategia de activos digitales. La adquisición inicial de TAO, que representa más del doble del valor de mercado actual de la empresa, se financiará con reservas de efectivo existentes.
Synaptogenix(NASDAQ: SNPX)는 시장 가치 기준으로 선도적인 AI 암호화폐인 Bittensor의 TAO 토큰에만 집중하는 암호화폐 재무 전략을 발표하며 주요 전략적 전환을 선언했습니다. 회사는 초기 TAO 토큰 1,000만 달러 매입을 계획하고 있으며, 총 목표는 1억 달러입니다. 암호화폐 및 AI 전문가 제임스 알튜처가 스테이킹 수익과 토큰 가치 상승에 중점을 둔 TAO 기반 수익 창출 전략을 이끌 예정입니다. 또한 회사는 주당 3.00달러에 시리즈 D 전환 우선주를 통해 550만 달러의 자금을 확보했습니다. Synaptogenix는 이 새로운 디지털 자산 전략에 맞춰 사명과 주식 심볼을 변경할 계획입니다. 회사의 현재 시가총액의 두 배 이상에 해당하는 초기 TAO 매입은 기존 현금 보유액으로 자금을 조달할 예정입니다.
Synaptogenix (NASDAQ : SNPX) a annoncé un changement stratégique majeur en lançant une stratégie de trésorerie en cryptomonnaies axée exclusivement sur le token TAO de Bittensor, la principale cryptomonnaie IA en termes de capitalisation boursière. La société prévoit une acquisition initiale de tokens TAO d'une valeur de 10 millions de dollars, avec un objectif total de 100 millions de dollars. L'expert en crypto et IA James Altucher dirigera la stratégie de génération de revenus basée sur le TAO, en se concentrant sur le rendement du staking et l'appréciation du token. La société a également obtenu un financement de 5,5 millions de dollars via des actions privilégiées convertibles de série D à 3,00 dollars par action. Synaptogenix prévoit de changer de nom et de symbole boursier pour s'aligner sur cette nouvelle stratégie d'actifs numériques. L'acquisition initiale de TAO, représentant plus du double de la valeur actuelle de la société, sera financée par les réserves de trésorerie existantes.
Synaptogenix (NASDAQ: SNPX) hat eine bedeutende strategische Neuausrichtung angekündigt und eine Kryptowährungs-Treasury-Strategie gestartet, die sich ausschließlich auf den TAO-Token von Bittensor konzentriert, die führende KI-Kryptowährung nach Marktkapitalisierung. Das Unternehmen plant eine anfängliche TAO-Token-Akquisition im Wert von 10 Millionen US-Dollar mit einem Gesamtziel von 100 Millionen US-Dollar. Der Krypto- und KI-Experte James Altucher wird die auf TAO basierende Umsatzstrategie leiten, wobei der Fokus auf Staking-Erträgen und Wertsteigerung des Tokens liegt. Das Unternehmen sicherte sich zudem eine Finanzierung von 5,5 Millionen US-Dollar durch Series-D-Wandlungs-Vorzugsaktien zu 3,00 US-Dollar pro Aktie. Synaptogenix plant, seinen Namen und sein Börsensymbol zu ändern, um sich an diese neue digitale Asset-Strategie anzupassen. Die anfängliche TAO-Akquisition, die mehr als das Doppelte des aktuellen Marktwerts des Unternehmens ausmacht, wird aus bestehenden Barreserven finanziert.
Positive
- Significant strategic investment with initial $10 million TAO acquisition and $100 million total target
- Appointment of recognized crypto/AI expert James Altucher to lead strategy
- Secured $5.5 million in new financing through Series D preferred stock
- Company has significant cash reserves and well-capitalized balance sheet to fund initiative
- TAO token has fixed supply of 21 million tokens with increasing global demand
Negative
- Major shift from core business model introduces significant cryptocurrency market risks
- High-risk concentration in single cryptocurrency asset (TAO)
- Potential shareholder dilution from $5.5M convertible preferred stock offering
- Substantial investment relative to company size (over 2x current market cap)
Insights
Synaptogenix pivots to crypto with massive TAO token investments, representing a fundamental business transformation with high-risk exposure to volatile crypto assets.
Synaptogenix's announcement represents a dramatic and fundamental pivot from its original business model to a cryptocurrency investment strategy. The company plans to deploy $10 million initially (over twice its current market cap) and eventually $100 million into TAO tokens, the native cryptocurrency of Bittensor's decentralized AI network.
This strategic transformation raises several critical considerations:
Balance Sheet Transformation: The company is essentially converting its cash reserves into a highly volatile cryptocurrency asset. While they cite a "well-capitalized balance sheet," this move fundamentally changes their risk profile from a cash-rich company to one heavily exposed to cryptocurrency volatility.
Leadership Addition: James Altucher's appointment brings cryptocurrency expertise, but his primary background is as an entrepreneur, writer, and early Bitcoin advocate rather than an institutional treasury manager with experience handling large crypto positions.
Revenue Strategy: The company mentions "staking yield" as part of their revenue generation strategy. Staking TAO currently yields approximately 8-12% annually, which could generate revenue, but still exposes the principal amount to market volatility.
Financing Structure: The concurrent $5.5 million financing through preferred stock convertible at $3.00 per share indicates the company needs additional capital despite claiming to fund the TAO purchase from existing reserves.
Corporate Identity: The planned name and ticker symbol change completes this transformation from whatever their previous business was to a company focused almost exclusively on crypto asset management.
This represents one of the most aggressive corporate treasury cryptocurrency strategies announced by a Nasdaq-listed company, exceeding even MicroStrategy's relative Bitcoin allocation compared to market capitalization. While positioned as a strategy to "create and preserve value," it introduces significant new risks from regulatory uncertainty and crypto market volatility.
Singular focus on Bittensor (TAO), the leading AI token by
adoption and market capitalization
James Altucher to lead TAO token strategy initiatives
Planned initial acquisition of $10 million in TAO equates to over two times the Company's
current market capitalization; total acquisition target of $100 million
, /PRNewswire/ -- Synaptogenix, Inc. (Nasdaq: SNPX) ("Synaptogenix" or the "Company") today announced its launch of a differentiated cryptocurrency treasury strategy focused exclusively on the artificial intelligence (AI) crypto token "TAO," which is currently the top AI token by market capitalization and adoption. Well-known cryptocurrency and AI expert James Altucher will lead a TAO-based revenue generation strategy targeting staking yield and token appreciation.
Synaptogenix plans to acquire $10 million in TAO tokens initially, which amounts to over two times the Company's current market valuation. The Company's strategy is targeted to acquire $100 million of TAO tokens. The initial acquisition will be funded by the Company's significant cash reserves and well-capitalized balance sheet.
Joshua Silverman, Chairman of the Board, stated, "Near the end of 2024, our Board of Directors began exploring value creation opportunities to best utilize our significant cash reserves. We have witnessed an increasing number of public and private companies allocate digital assets to their corporate treasuries successfully or use them as part of their business strategies. We believe the leading AI token, TAO, offers the best outlook for growth and adoption as well as the best opportunity to create and preserve value for our stockholders. We are fortunate to bring on James Altucher, a world-class authority on both AI and crypto, to drive revenue generation and TAO staking strategies in pursuit of significantly increasing shareholder value."
"Based on our initial review, we believe the fixed market supply of 21 million TAO tokens alongside rapidly increasing global demand for AI development and adaptation makes TAO a compelling cryptocurrency," Silverman concluded.
Mr. Altucher is an accomplished entrepreneur, venture capitalist, writer and author with decades of expertise in emerging technologies including crypto and AI. As an early proponent of Bitcoin, he created the first "Bitcoin-only" store. He has also published numerous academic papers on AI and delivered keynotes at prestigious AI conferences.
"The AI industry is expected to grow tenfold between now and 2030, and some percentage of every dollar allocated to AI is expected to go towards decentralized AI where TAO is the clear leader. I am excited to be a part of what I believe is the only pure play public company focused on the convergence between crypto and AI as both industries continue to grow exponentially," said Altucher.
TAO is the native token created for Bittensor, a decentralized blockchain network for machine learning and AI. Bittensor's open access and ownership environment for creating, training, and evaluating AI models is designed to democratize AI development. The network incentivizes participants, including miners and validators, based on the value of their contributions, as measured by information theory—such as the novelty, relevance, or efficiency of shared AI knowledge. Rewards are distributed in the form of TAO tokens.
Synaptogenix intends to change its name and ticker symbol in accordance with its digital asset treasury strategy based on the AI token TAO. A new corporate website is also under development. More information will be available within the next several months.
Synaptogenix announced that it has entered into securities purchase agreements for a $5.5 million financing, including James Altucher, involving the sale of 5,500 shares of its newly issued Series D convertible preferred stock ("preferred stock"), with a stated value of $1,000 per share, convertible into shares of its common stock in a private placement and five year common stock purchase warrants, which is expected to close on or about June 10, 2025 subject to the satisfaction of customary closing conditions.
The shares of Series D preferred stock have a conversion price of $3.00 per share. The warrants have an exercise price of $3.00 per common share.
The financing, consulting agreement with Mr. Altucher and certain management changes are more fully disclosed in the current report on Form 8-K filed with the SEC this morning.
Forward-Looking Statements
Any statements contained in this press release by Synaptogenix that do not describe historical facts may constitute forward-looking statements. Such forward-looking statements are subject to risks and uncertainties and other influences, many of which the Company has no control over. Actual results and the timing of certain events and circumstances may differ materially from those described by the forward-looking statements as a result of these risks and uncertainties. These and other factors are identified and described in more detail in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to update these forward-looking statements.
Contact
800-811-5591
ir@synaptogen.com
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SOURCE Synaptogenix, Inc.
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