{"id":6303,"date":"2025-07-30T18:59:35","date_gmt":"2025-07-30T18:59:35","guid":{"rendered":"https:\/\/bitunikey.com\/news\/xtao-becomes-biggest-publicly-traded-holder-of-ai-focused-bittensor-tao-token\/"},"modified":"2025-07-30T18:59:40","modified_gmt":"2025-07-30T18:59:40","slug":"xtao-becomes-biggest-publicly-traded-holder-of-ai-focused-bittensor-tao-token","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/xtao-becomes-biggest-publicly-traded-holder-of-ai-focused-bittensor-tao-token\/","title":{"rendered":"xTAO becomes biggest publicly traded holder of AI-focused Bittensor (TAO) token"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">xTAO Inc. announced a significant expansion of its holdings of the Bittensor token, in a bet on AI infrastructure. <\/p>\n<div id=\"cn-block-summary-block_f4e2aae52088544f6d6e7240fbda1b1c\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>xTAO revealed it is the biggest holder of TAO<\/li>\n<li>The firm is betting on AI infrastructure on-chain<\/li>\n<li>Big cash reserves enable it to acquire more TAO<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Companies are increasingly betting on the convergence between AI and blockchain. On Wednesday, July 30, xTAO <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.newswire.ca\/news-releases\/xtao-provides-update-on-tao-holdings-becomes-largest-publicly-traded-holder-of-tao-821903608.html\" target=\"_blank\">revealed<\/a> that it holds a total of 41,538 Bittensor (TAO) tokens. According to the firm, these assets make it the biggest corporate holder of the AI-focused TAO token.<\/p>\n<p>According to the firm, the TAO treasury will enable it to expand its validator operations, as well as to play a bigger role in the Bittensor network infrastructure. The company plans to earn an annual yield of 10 percent on its staked TAO, although it acknowledges that the dollar yield will largely depend on the token\u2019s price performance. <\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue,\u201d said xTAO\u2019s CEO, Karia Samaroo. \u201cOur goal is simple: build core infrastructure, earn sustainable cash flow, and compound value alongside the Bittensor network.\u201d<\/p>\n<\/blockquote>\n<p>xTAO also revealed that it holds \u201csubstantial\u201d cash reserves, which enable it to further expand its TAO holdings. Currently, TAO trades at $371.90, after correcting from the monthly high of $459.73. The token is down 51% from its all-time high in April 2024.  <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\">xTAO bets on AI infrastructure on-chain<\/h2>\n<p>xTAO <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.accessnewswire.com\/newsroom\/en\/blockchain-and-cryptocurrency\/xtao-to-commence-trading-on-tsxv-today-1051286\" target=\"_blank\">went public<\/a> on July 22 on the TSX Venture Exchange, under the ticker XTAO.U. Despite its listing on a Canadian exchange, the firm will be traded in US dollars. According to the company, its exclusive focus will be on the Bittensor ecosystem and its decentralized AI infrastructure.<\/p>\n<p>The firm obtained $22.8\u202fmillion subscription\u2011receipt financing from Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX, among others. <\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>xTAO Inc. announced a significant expansion of its holdings of the Bittensor token, in a bet on AI infrastructure. Summary xTAO revealed it is the biggest holder of TAO The&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2867,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-6303","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=6303"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6303\/revisions"}],"predecessor-version":[{"id":6304,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/6303\/revisions\/6304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2867"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=6303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=6303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=6303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}