In a groundbreaking move, xTAO Inc. has solidified its position as the largest publicly traded holder of Bittensor’s TAO token. This strategic acquisition underscores the growing institutional interest in decentralized AI infrastructure. But what does this mean for the future of AI and blockchain?
xTAO’s Strategic Acquisition of TAO Tokens
xTAO Inc. now holds 41,538 TAO tokens, making it the largest publicly traded holder of Bittensor’s native token. This positions the company as a key player in the decentralized AI space. The tokens were acquired following xTAO’s listing on the TSX Venture Exchange on July 22, 2025.
Why Decentralized AI Matters
Decentralized AI is revolutionizing how machine learning and computation are performed. Bittensor’s network, with its TAO token, is at the forefront of this movement. Here’s why this is significant:
- Enables distributed machine learning
- Reduces reliance on centralized AI providers
- Promotes transparency and security
xTAO’s Vision for the TAO Treasury
xTAO’s CEO, Karia Samaroo, emphasized that the TAO treasury will be used to scale validator operations and support the Bittensor network. The company aims for an annual yield of approximately 10% through staking, though this depends on market conditions and validator efficiency.
Institutional Backing and Market Performance
xTAO’s ability to hold and stake such a large number of tokens is backed by substantial cash reserves. These were secured through a $22.8 million financing round led by prominent investors like Digital Currency Group and Animoca Brands. Despite TAO’s current price of $371.90, down from its all-time high, xTAO remains optimistic about Bittensor’s long-term potential.
FAQs
What is Bittensor’s TAO token?
The TAO token is the native cryptocurrency of the Bittensor network, a decentralized platform for machine learning and AI computation.
How many TAO tokens does xTAO hold?
xTAO currently holds 41,538 TAO tokens, making it the largest publicly traded holder.
What is xTAO’s strategy with its TAO holdings?
xTAO plans to stake its TAO tokens to generate yield and support the Bittensor network’s growth.
Who are xTAO’s major investors?
Major investors include Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX.
What is the current price of TAO?
As of July 30, 2025, TAO is trading at $371.90.
