October 13, 2025 - TAO Synergies Inc. (Nasdaq: TAOX), a US-listed treasury company, announced the completion of an $11 million private placement. This round of financing involved participation from existing shareholders, TAO strategic advisor James Altucher, and new investor DCG. The financing involved the issuance of 11,000 newly issued Series E convertible preferred shares, with a par value of $1,000 per share, convertible into common stock at a conversion price of $8 per share. Concurrently, five-year common stock purchase warrants were issued with an exercise price of $8 per share.

Recently, TAO's market performance has been particularly noteworthy. The price of TAO rose to a high of nearly $450 this morning. At the time of writing, the TAO price has retreated to $410.55.

What is TAO Synergies Inc.? What other positive developments have there been for TAO recently? Can TAO Synergies continue to perform well?

I. "Toiling in Obscurity in R&D, Becoming Famous Overnight After Transformation"

TAO Synergies Inc. (Nasdaq: TAOX) was formerly known as Synaptogenix, Inc. (Nasdaq: SNPX). On June 26 this year, it announced its name change to TAO Synergies. TAO Synergies seeks to achieve revenue growth and capital appreciation through staking TAO and is a publicly listed company focused on integrating cryptocurrency with artificial intelligence.

Before the transformation, Synaptogenix was a biopharmaceutical company focused on developing drugs for treating neurological diseases. The company was primarily dedicated to developing a drug platform based on Bryostatin-1 for the treatment of Alzheimer's disease, which was in the clinical testing stage. Additionally, the company evaluated the potential therapeutic applications of Bryostatin-1 in treating other neurodegenerative or cognitive diseases and dysfunctions, such as Fragile X syndrome, multiple sclerosis, and Niemann-Pick disease type C, some of which had undergone preclinical testing.

Before the transformation, TAO's stock price remained lukewarm and struggled to improve. However, after announcing the transformation, TAO's stock price rose from around $3.77 on June 25 to a peak exceeding $10, before retreating somewhat. Influenced by yesterday's private placement news, it rebounded strongly, reporting $9.54 at the time of writing, a 350% increase over the past three months.

II. What Other Positive Developments Have There Been for TAO Recently?

TAO is the native token of Bittensor, which is dedicated to the integration of AI and cryptocurrency. It is a platform designed around incentive mechanisms. Users contribute intelligence to improve AI systems and receive TAO tokens based on the utility of their contributions. The platform is open-access, promoting permissionless coordination for AI development.

1. Grayscale Files SEC Form 10 for TAO Trust
   On October 11, Grayscale posted on X announcing: "We just filed a Form 10 for the Grayscale Bittensor Trust $TAO, the first step toward becoming an SEC reporting company, aiming to enhance its accessibility, transparency, and regulatory status." This move means Grayscale will seek to have the TAO Trust shares publicly quoted on the over-the-counter market, and the holding period for its private placement will be shortened from 12 months to 6 months. The trust is one step closer to becoming an ETP. Simultaneously, Grayscale's AI fund formally included TAO exposure, further opening channels for institutional allocation.

2. DCG Invests in Bittensor Subnets via Yuma
   On October 9, Yuman, a Bittensor development studio and accelerator, launched an asset management division, Yuman Asset Management, to provide institutions and qualified investors with convenient access to the deAI ecosystem. Yuman Asset Management secured a $10 million anchor investment from DCG and launched two fund strategies investing in subnet tokens. DCG stated that the Yuma Subnet Composite Fund aims to provide market-weighted exposure across all active subnets, similar to a "Nasdaq Composite Index" for subnet tokens. The Yuma Large-Cap Subnet Fund is akin to a "Dow Jones Industrial Average" for subnet tokens, designed to provide targeted exposure to the subnets with the largest market capitalizations.

DCG believes that investors still find it difficult to gain exposure to Bittensor, or, given that the largest AI companies like OpenAI and Anthropic are private, investors often struggle to gain exposure to AI in general. Therefore, DCG stated that Yuma Asset Management is providing institutional and qualified investors with an early and unique bridge to AI. "Yuma Asset Management is opening the door for investors to enter this field through Bittensor."

3. Launch of the TAO Daily Platform
   On September 22, TAO Synergies launched the TAO Daily platform. TAO Daily not only updates news related to TAO but also aims to educate the market about the Bittensor ecosystem, its native token TAO, and dedicated subnets within the TAO network. This new media platform highlights developments in the Bittensor ecosystem and allows users to gain insights into the rapidly evolving field of decentralized AI, while also providing practical resources for TAO users and investors.

4. Institutional Confidence
   On September 10, Pete Holst, President and CEO of the Nasdaq-listed digital asset financial company Oblong, published a shareholder letter disclosing that three months prior, the company raised $7 million and allocated it entirely to purchasing TAO. To date, the company's TAO token holdings exceed 21,700, all of which are staked on the network.

On July 31, xTAO announced that it held 41,538 TAO tokens, valued at approximately $16 million, making it the largest holder among publicly listed companies. xTAO had officially listed on the TSX Venture Exchange (TSXV) on July 23 under the ticker XTAO.U. Concurrent with the listing, xTAO also completed a financing round totaling $22.8 million through subscription receipts.

5. Halving Expectation in December
   TAO's total maximum supply is capped at 21 million tokens. The initial minting rate was 1 token every 12 seconds (7,200 tokens daily), with an annual issuance rate of approximately 12.4%. The halving event in December this year will reduce TAO's daily issuance from 7,200 to 3,600 tokens. This is the first reward reduction since TAO's launch, triggered by the conditions "2 years since network launch" and "cumulative minted volume reaching 5.256 million tokens."

As the halving approaches, the market may price in the halving expectation in advance, which could positively impact TAO's price trend. Historical data shows that Bitcoin averaged a 45% increase in the 3 months before its halving. If TAO's trend references this data, there might still be room for upward movement.

III. Can TAO Synergies Continue to Perform Well?

The transformation in June this year has deeply bound TAO Synergies with Bittensor. Furthermore, through the TAO Daily platform, TAO Synergies will become a content provider for Bittensor ecosystem trends. This not only helps popularize Bittensor-related content but also increases investor awareness of TAO, while building a stable user traffic entry point for itself, giving it a greater advantage in influence compared to xTAO, Oblong, etc.

According to disclosures by TAO Synergies, as of August 5, the company had accumulated holdings of 42,111 TAO tokens and will actively participate in staking on the Bittensor network. The recent $11 million private placement will also continue to benefit TAO holdings. With the halving approaching, TAO Synergies can not only enjoy the original staking rewards but also achieve company appreciation through the rising price of TAO.

However, similar to the problems faced by many crypto treasury companies before, can TAO Synergies maintain long-term ecosystem prosperity? After the trend of crypto treasuries gained momentum, many companies from traditional industries entered the cryptocurrency space, holding large amounts of cryptocurrency and becoming treasury companies. Their stock prices soared temporarily, but except for a very few lucky ones, most companies' stock prices fell significantly after the hype faded.

On one hand, TAO Synergies currently has no other profitable products besides the TAO Daily platform, and TAO Daily itself does not yet have broad industry influence. On the other hand, TAO Synergies is only allocated to TAO, which means the company's profitability is highly dependent on the price of TAO: when the TAO price rises, the company's market value and earnings increase simultaneously, driving the stock price higher; but once the TAO price corrects, the book value of the company's assets will shrink significantly, leading to a drop in the stock price. Therefore, after the December halving, TAO Synergies may face a major test.

Additionally, Bittensor itself faces fierce competition. Bittensor is known for betting on the decentralized AI track, but now, companies like Prime Intellect and Nous Research are also building decentralized AI ecosystems. If it cannot stand out in the technological competition, TAO's market capitalization might ultimately be short-lived.

In summary, although TAO Synergies has achieved impressive short-term performance after transforming into a crypto treasury company, in the long run, factors such as whether it can develop profitable products, whether it can allocate multiple assets to reduce its high dependence on TAO, will affect its final price trend. The development of the Bittensor project itself will also impact the stock performance of TAO Synergies and many other TAO crypto treasury companies.

When the hype subsides, may the market performance remain.