Bittensor-focused public company xTAO has emerged as the largest institutional holder of TAO, the native token of the decentralized AI network, after revealing holdings worth nearly $16 million. The announcement, made Wednesday, underscores the company’s deepening commitment to building infrastructure within the Bittensor ecosystem.
xTAO reported it currently holds 41,538 TAO tokens, valued at approximately $15.8 million at prevailing market rates. The company also noted it has reserved significant cash resources for future TAO acquisitions, indicating continued confidence in the token’s long-term value.
xTAO Inc.
This positions xTAO ahead of TAO Synergies (TAOX), which recently disclosed a $10 million purchase of 29,899 TAO. With this milestone, xTAO now leads all publicly listed firms in TAO exposure.
"The TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue," said Karia Samaroo, xTAO’s CEO.
Samaroo, who previously led crypto exchange WonderFi before its $180 million acquisition by Robinhood, added that the firm’s mission is to “build core infrastructure, earn sustainable cash flow, and compound value alongside the Bittensor network.”
According to xTAO, the treasury will play a central role in scaling validator operations and supporting the development of tools and services for the Bittensor platform. The firm is currently earning an annual yield of around 10% through staking its TAO holdings on Bittensor’s root network.
TAO Synergies Inc.
Bittensor operates at the crossroads of artificial intelligence and blockchain, offering a decentralized marketplace where users contribute AI capabilities and are rewarded in TAO tokens based on the utility of their input. The platform enables permissionless coordination among AI developers, with economic incentives aligned to promote the creation and sharing of valuable intelligence.
xTAO went public last week, listing its common shares on Canada’s TSX Venture Exchange (TSXV) following a successful $22.8 million raise backed by major digital asset investors, including Digital Currency Group and Animoca Brands. Despite the positive momentum, xTAO’s stock ended Wednesday down 10.24%, closing at $1.49, according to Google Finance.
