US-listed company Oblong spends $1.65 million to increase its holdings in TAO

According to Jinse Finance, US-listed company Oblong (OBLG) announced that it spent $1.65 million last week to acquire an additional 5,025 TAO tokens, with an average purchase price of $328.38 per token. On June 6, Oblong issued a statement saying it had raised $7.5 million through a private stock placement to purchase Bittensor’s TAO tokens and participate in its Subnet 0 staking program.