xTAO Becomes Largest Publicly Traded Holder of Bittensor TAO Token

xTAO Inc. has emerged as the largest publicly traded holder of TAO, the native token of the Bittensor network, following its listing on the TSX Venture Exchange on July 22, 2025 [1]. As of July 30, the company disclosed it holds 41,538 TAO tokens, positioning it as a key participant in the growing decentralized AI infrastructure space [2]. The Cayman Islands-based firm is now leveraging these holdings to expand its validator operations and further its stake in the Bittensor ecosystem.

The company’s CEO, Karia Samaroo, emphasized that the TAO treasury will enable xTAO to scale validator activities, support the Bittensor network, and generate consistent revenue streams. The firm is currently staking its TAO holdings, aiming for an annual yield of approximately 10 percent. However, Samaroo noted that the actual yield will depend on token price performance and validator efficiency [3].

xTAO’s ability to hold and stake such a large number of tokens is supported by its substantial cash reserves. These reserves were partly secured through a $22.8 million subscription-receipt financing led by Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX. The firm’s capital structure enables it to further accumulate TAO, while also providing the flexibility to respond to market conditions [1].

The TAO token is currently trading at $371.90, down from a monthly high of $459.73 and 51% below its April 2024 all-time high. Despite the price correction, xTAO remains optimistic about the long-term value of the Bittensor network, which it views as a foundational layer for decentralized machine learning and AI computation [3]. By aligning its operations with the network’s growth, xTAO is seeking to compound value alongside Bittensor’s development.

xTAO’s strategic positioning reflects a broader trend of institutional interest in AI-focused blockchain projects. With Bittensor’s market capitalization at around USD 3.9 billion, the network is gaining traction as a critical infrastructure player in the AI space. xTAO’s stake in the project not only provides direct exposure to its technological advancements but also aligns with the firm’s long-term goal of building sustainable, revenue-generating infrastructure for decentralized AI [2].

Source:

[1] xTAO becomes biggest publicly traded holder of AI-focused Bittensor (TAO) token (https://crypto.news/xtao-becomes-biggest-publicly-traded-holder-of-ai-focused-bittensor-tao-token/)

[2] Company Announcement - FT.com - Markets data (https://markets.ft.com/data/announce/detail?dockey=600-202507300900CANADANWCANADAPR_C0212-1)

[3] xTAO Provides Update on TAO Holdings, Becomes Largest (https://www.newswire.ca/news-releases/xtao-provides-update-on-tao-holdings-becomes-largest-publicly-traded-holder-of-tao-821903608.html)