Stockholm, 13 May 2025 | Safello, the leading cryptocurrency exchange in the Nordics, announces a strategic shift in its treasury allocation by divesting a portion of its bitcoin (BTC) holdings and acquiring TAO, the native token of the decentralized AI protocol Bittensor.

The move marks the company's first material investment in decentralized AI infrastructure. TAO will serve as a long-term strategic treasury reserve asset, held alongside BTC, and used to diversify Safello's exposure to emerging crypto-economic systems.

On May 8, Safello sold 1 BTC and acquired 239.8 TAO. The company intends to further increase its exposure to TAO via a dollar cost averaging strategy. Safello's crypto treasury now consists of 9 BTC, 113 ETH, and 239,8 TAO.

"Decentralized AI is one of the most important technological shifts of our time, and we are positioning Safello to be at the forefront of this transition. Bittensor, with its native token TAO, created an incentive layer for frontier AI. Leading so-called subnets like Chutes.ai are already processing 60 billion tokens  daily, successfully competing with their centralized counterparts. There are now over 100 subnets like Chutes in the Bittensor ecosystem, building products and services to capture daily TAO emissions. With this treasury shift, we are taking the first step in aligning capital with conviction in this market," says Frank Schuil, Chairman of Safello.

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For more information, please contact
David Leeb, Chief Marketing Officer, at press@safello.com

Certified Adviser
Amudova AB is Safello's certified adviser.

Safello is the leading cryptocurrency exchange in the Nordics, with over 400,000 users. The company is empowering financial independence by making crypto accessible to everyone. Safello offers a secure and easy solution for buying, selling, storing, as well as depositing and withdrawing cryptocurrencies directly from the blockchain - ensuring seamless transactions at industry-leading speeds. Operating in Sweden, Safello has been registered as a financial institution with Finansinspektionen (Swedish Financial Supervisory Authority) since 2013 and is listed at Nasdaq First North Growth Market since 2021. For more information visit www.safello.com.