Ismeidy
--
xTAO accumulates $15.4 Million in #TAO and becomes the largest Public "Hodler"
Is the Institutional Giant that Will Drive Decentralized AI Born?
The public firm xTAO, focused on the ecosystem #bittensor , has announced a strategic move that positions it as the largest publicly traded holder of the native token TAO.
This Wednesday, the company revealed that it holds a total of 41,538 TAO, valued at approximately $15.4 million at the current exchange rate. Additionally, the firm has confirmed that it maintains a "substantial amount of cash" reserved for future acquisitions of TAO, suggesting an aggressive accumulation strategy.
Leader in TAO Holdings: xTAO's holdings surpass those of TAO Synergies (TAOX), which recently reported the acquisition of 29,899 TAO for $10 million. This makes xTAO the dominant institutional player in the holding of Bittensor.
Strategic Vision: Karia Samaroo, CEO of xTAO, stated that the treasury of TAO provides them with "immediate economic exposure to Bittensor and the impetus to establish validators that generate reliable income." The goal is to "build core infrastructure, generate sustainable cash flow, and create value alongside the Bittensor network."
Attractive Yield: The company is obtaining an annual return of around 10% by staking its TAO holdings in the Bittensor root network, demonstrating the ability to generate passive income from its assets.
#TAOTrading #TAO🔥🔥🔥🔥
$TAO
Is the Institutional Giant that Will Drive Decentralized AI Born?
The public firm xTAO, focused on the ecosystem #bittensor , has announced a strategic move that positions it as the largest publicly traded holder of the native token TAO.
This Wednesday, the company revealed that it holds a total of 41,538 TAO, valued at approximately $15.4 million at the current exchange rate. Additionally, the firm has confirmed that it maintains a "substantial amount of cash" reserved for future acquisitions of TAO, suggesting an aggressive accumulation strategy.
Leader in TAO Holdings: xTAO's holdings surpass those of TAO Synergies (TAOX), which recently reported the acquisition of 29,899 TAO for $10 million. This makes xTAO the dominant institutional player in the holding of Bittensor.
Strategic Vision: Karia Samaroo, CEO of xTAO, stated that the treasury of TAO provides them with "immediate economic exposure to Bittensor and the impetus to establish validators that generate reliable income." The goal is to "build core infrastructure, generate sustainable cash flow, and create value alongside the Bittensor network."
Attractive Yield: The company is obtaining an annual return of around 10% by staking its TAO holdings in the Bittensor root network, demonstrating the ability to generate passive income from its assets.
#TAOTrading #TAO🔥🔥🔥🔥
$TAO
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.