Simble Solutions (ASX:SIS) said it purchased about 384 Bittensor tokens at an average price of AU$520.89 apiece for a total holding of around $200,000, as part of a plan to build a long-term strategic holding of Bittensor tokens, according to a Friday Australian bourse filing.

The company is currently staking, the process of committing digital assets to the blockchain, its Bittensor tokens through BitGo, an infrastructure provider of digital asset technology, the filing said.

The expected yield from the staking activities is estimated to be between 8% and 12% per annum based on the current data available, per the filing.