xTAO Inc. Expands Bittensor Token Holdings, Becomes Largest Corporate Holder

xTAO Inc. has made headlines with its recent announcement regarding a substantial expansion of its holdings in the Bittensor token (TAO), positioning itself as a key player in the intersection of AI and blockchain technology. As of July 30, xTAO revealed that it is now the largest corporate holder of TAO, boasting a total of 41,538 tokens. This strategic investment is aimed at enhancing its validator operations and increasing its influence within the Bittensor network infrastructure. The company anticipates earning an annual yield of 10 percent on its staked TAO, although the actual dollar yield will be contingent on the token’s market performance.
The CEO of xTAO, Karia Samaroo, emphasized the significance of the TAO treasury, stating, “The TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue.” This initiative reflects xTAO’s commitment to building essential infrastructure while generating sustainable cash flow that aligns with the growth of the Bittensor network. Currently, TAO is trading at $371.90, having experienced a correction from its monthly high of $459.73, and is down 51% from its all-time high recorded in April 2024.
In addition to its holdings, xTAO has also disclosed that it possesses substantial cash reserves, allowing for further expansion of its TAO investments. The company went public on July 22 on the TSX Venture Exchange under the ticker XTAO.U, with trading conducted in US dollars. xTAO’s focus remains exclusively on the Bittensor ecosystem and its decentralized AI infrastructure. The firm has successfully secured $22.8 million in subscription-receipt financing from notable investors, including Digital Currency Group and Animoca Brands, further solidifying its position in the rapidly evolving AI and blockchain landscape.
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