A publicly listed company in the United States invests $1.65 million to expand its TAO holdings.

According to Gate News bot, on July 1st, U.S. listed company Oblong (OBLG) announced that it invested $1.65 million last week to increase its holding of 5,025 TAO Tokens, with an average purchase price of $328.38.

On June 6, Oblong announced that it had raised $7.5 million through a private placement of shares, intending to use the funds to purchase Bittensor's TAO Token and participate in its Subnet 0 staking project.

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