xTAO Becomes the Company with the Most TAO Tokens Held Globally

The listed company xTAO, focused on the Bittensor ecosystem, announced on Wednesday that it has become the publicly listed company with the most TAO tokens globally, currently holding a total of 41,538 TAO, valued at approximately $15.8 million at market price.

This holding has surpassed the recently announced purchase of 29,899 TAO (worth $10 million) by TAO Synergies (TAOX).

xTAO CEO Karia Samaroo (who founded and led WonderFi, acquired by Robinhood for $180 million) stated that the company will leverage the TAO treasury to expand validation node operations, build infrastructure, and create sustainable cash flow through the Bittensor network.

Currently, xTAO is earning an annualized return of about 10% by staking TAO. Last week, the company was listed on the TSX Venture Exchange in Canada and completed a $22.8 million financing from institutions such as Digital Currency Group and Animoca Brands.

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