Bittensor treasury company, xTAO, revealed the scale of its TAO treasury today, announcing that it holds 41,538 TAO, worth nearly $16 million.
xTAO’s 30,000 TAO acquisition last week makes it the largest publicly traded holder of the token, and the firm is contributing to the ecosystem by staking its holdings on the Bittensor root network. The company also plans to leverage its holdings to expand validator operations and build out infrastructure for the Bittensor ecosystem.
“The TAO treasury gives us immediate economic exposure to Bittensor and the fuel to stand up validators that generate reliable revenue,” said Karia Samaroo, CEO of xTAO.
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