Oblong, Inc. issued a letter to its shareholders on September 10, 2025, from President and CEO Pete Holst, outlining the company's pivotal shift to decentralized artificial intelligence and blockchain. The letter emphasized the investment in TAO, the token powering Bittensor, a decentralized AI network. Holst stated that the company raised $7 million three months prior and invested all of it into TAO.
The company now owns more than 21,700 TAO tokens, all actively staked within the Bittensor network. This staking ensures the capital is working and earning rewards, directly strengthening the system. Holst highlighted that the funds are protected by BitGo's institutional-grade infrastructure, including cold storage, multi-signature wallets, and regular penetration testing.
The letter positioned AI as the defining technology of the era, with Bittensor offering an open, peer-to-peer network for AI model development and verification, incentivizing contributions with TAO. Holst explained that subnets, akin to small companies within Bittensor, build specialized AI tools, driving network effects and value creation.
Holst projected that this market could reach a trillion dollars, with Bittensor laying the foundation for decentralized AI. He drew parallels to early adopters of Bitcoin and Ethereum, suggesting TAO offers a similar opportunity. The company's strategy is to hold and stake TAO, reinforce the network, and seek partnerships with subnet teams.
While acknowledging challenges such as volatility and the preliminary stages of the technology, Holst expressed strong belief in the vision, noting his personal investment. The letter concluded by affirming Oblong's commitment to creating long-term value through its involvement in the AI revolution within Bittensor.
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