xTAO becomes the largest public holder of TAO tokens

Publicly traded company xTAO, focused on the Bittensor ecosystem, announced on Wednesday that it has become the largest publicly listed holder of TAO tokens, with a total of 41,538 TAO valued at approximately $15.8 million.

This surpasses TAO Synergies (TAOX), which recently disclosed a $10 million purchase of 29,899 TAO.

xTAO CEO Karia Samaroo — who previously founded and led WonderFi (acquired by Robinhood for $180 million) — said the company will use its TAO treasury to expand validator operations, build infrastructure, and generate sustainable cash flow from the Bittensor network.

xTAO is currently staking its TAO to earn an annual yield of around 10%. Last week, the company also listed its common shares on Canada's TSX Venture Exchange after raising $22.8 million from investors such as Digital Currency Group and Animoca Brands.

#Bittensor #TAO #xTAO #AI #Crypto #Staking #Validator

https://www.newswire.ca/news-releases/xtao-provides-update-on-tao-holdings-becomes-largest-publicly-traded-holder-of-tao-821903608.html