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The Markets
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The Markets
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Tech

Sundae Bar shares rise 8% on strong crypto-linked partnership returns

Sundae Bar Plc (AIM:SBAR) shares rose 8% on Monday after it said its tie-up with TAO Strategies is performing strongly a week into the venture.

The deal centres on Bittensor, a decentralised AI network that rewards performance with its native token, TAO.

Sundae Bar said its current activity on the network is yielding around 9 TAO daily, equivalent to over $75,000 per month at prevailing token prices of about $340.

The company said its position on the Bittensor platform is strengthened by a pause on new entrants and sustained interest in TAO, which has a market capitalisation above $3 billion.

Sundae Bar has also adopted a Bitcoin Treasury Management Policy, reflecting a strategic shift into digital assets alongside its core focus on AI agent integration for businesses.

The stock rose 0.8p to 11.3p.

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