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Cryptocurrency News Articles
Safello increases exposure to TAO in its strategic crypto reserve
May 23, 2025 at 02:30 pm
Stockholm, 23 May 2025 | Safello, the leading cryptocurrency exchange in the Nordics, today announces a third reallocation of its crypto treasury
Stockholm, 23 May 2025 | Safello, the leading cryptocurrency exchange in the Nordics, today announced a third reallocation of its crypto treasury, further increasing exposure to TAO, the native token of the decentralized AI protocol Bittensor.
On 20 and 21 May 2025, Safello sold 19 ETH on each day, acquiring 113.2097 and 116.1447 TAO respectively, at an average price of approximately 370 EUR per TAO.
This follows Safello’s initial TAO acquisitions on 8 and 14 May and is part of a longer-term dollar cost averaging strategy. Safello’s crypto treasury now consists of 8 BTC, 75 ETH, and 698.36 TAO.
For more information, please contact
David Leeb, Chief Marketing Officer, at press@safello.com
Certified Adviser
Amudova AB is Safello’s certified adviser.
About Safello
Safello is the leading cryptocurrency exchange in the Nordics, with over 404,000 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.
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