Safello, a leading Nordic crypto exchange, has deepened its investment in Bittensor's native token, TAO, through Ethereum sales. On May 20 and 21, the company sold 19 ETH each day to acquire 229.35 TAO tokens at an average price of 370 euros per token. This follows previous TAO purchases earlier in May.

As a result, Safello's crypto treasury now includes 8 Bitcoin, 75 Ethereum, and 698.36 TAO. The total value of Safello’s crypto treasury is approximately $1.41 million, benefiting from recent gains, particularly in TAO. Bitcoin is valued at $110,864, Ethereum at $2,653, and TAO at $464.98. TAO has seen a 39.2% rise in the past month, though it experienced a slight 0.2% drop in the past day.

Safello says this strategy aligns with a long-term dollar-cost averaging approach to diversify and stabilize its digital asset portfolio. Safello has operated under the supervision of the Swedish Financial Supervisory Authority since 2013 and has over 404,000 users. It provides services for buying, selling, storing, and transferring cryptocurrencies and has been listed on the Nasdaq First North Growth Market since 2021. The exchange’s approach to treasury management reflects its broader strategy of positioning itself at the forefront of crypto innovation.

Safello's strategy mirrors a growing trend among global firms allocating capital into digital assets. Strategy leads with over 576,230 BTC, worth more than $63.8 billion. Galaxy Digital holds around 8100 BTC, and Tesla holds approximately 11,509 BTC. These companies, like Safello, view cryptocurrencies as technological investments.

While Strategy views Bitcoin as a reserve asset, Safello’s focus on TAO reflects a bet on decentralized AI protocols as future infrastructure. Disclaimer: This content is for informational purposes only and does not constitute financial advice. Readers should exercise caution before making any decisions related to the company.