Nasdaq-listed Oblong jumps 12%, eyes $7.5M Bittensor TAO acquisition for Bitcoin-style treasury strategy

  • IT solutions provider Oblong has unveiled plans to raise $7.5 million through a private stock sale to support its new Bittensor-driven AI and digital asset treasury initiative, according to a June 6 statement. Shares in the Nasdaq-listed firm are up 12% over the past 24 hours following the announcement.