Safello Boosts TAO Holdings as Institutions Expand Crypto Treasuries

• Safello acquired 229.35 TAO via Ethereum sales, deepening Bittensor investment.
• The firm now holds 8 BTC, 75 ETH, and nearly 700 TAO.
• Similar firms, including MicroStrategy, Tesla, and Galaxy Digital, maintain major crypto positions.

A leading Nordic crypto exchange, Safello, has increased its exposure to TAO, the native token of the decentralized AI network Bittensor. On May 20 and 21, the firm sold 19 ETH each day to purchase 229.35 TAO tokens at an average price of 370 euros per token.

This latest acquisition marks the company’s third reallocation to TAO in May, following purchases on the 8th and 14th. As a result, Safello’s crypto treasury now comprises 8 Bitcoin, 75 Ethereum, and 698.36 TAO.

Related: Strategy (MSTR) Accounts for 77% of ~700K Bitcoin Held by Public Companies

Safello’s crypto treasury is now valued at approximately $1.41 million, reflecting gains from its diversified holdings. With Bitcoin trading at $110,864, Ethereum at $2,653, and TAO at $464.98, the value of Safello’s assets has risen notably, particularly due to recent gains in TAO. The coin trades at $464, a 0.2% drop in the past day after a 39.2% rise in the past month…

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