Publicly Traded xTAO Shakes Up Crypto With $16M Bittensor (TAO) Treasury Move
Bittensor's TAO gets a $16M vote of confidence—from a public company this time.
Subheader: When Traditional Finance Meets Decentralized AI
xTAO just dropped a crypto mic. The publicly listed entity—rare in this space—announced it's parking $16 million worth of TAO tokens in its treasury. No vague "digital asset strategy" jargon here. This is a straight-up bet on Bittensor's decentralized machine learning network.
Subheader: Treasury Plays Aren't Just for Boomer Companies Anymore
Forget Apple's bond buybacks. Crypto-native firms now play treasury chess with volatile assets. xTAO's move signals institutional-grade conviction—or a brilliant PR stunt timed before earnings. (We see you, corporate finance teams.)
Closing Thought: In a world where meme coins get $16M market caps overnight, maybe parking treasury funds in actual utility tokens counts as radical prudence.
Building Infrastructure for Decentralised AI
xTAO is already deploying its TAO treasury and is already being used to run validator nodes on the Bittensor root network. Through staking, xTAO earns an estimated 10% yield annually, one of several steps toward building out infrastructure for the decentralised AI ecosystem.
Bittensor is a blockchain-based network designed to reward users who contribute intelligence and training data to improve AI systems. TAO tokens are earned based on how useful these contributions are, creating an open platform where developers can take part in AI model development without needing permission or central approval.
xTAO’s rise in the TAO rankings comes shortly after its public listing. Last week, the firm began trading on Canada’s TSX Venture Exchange under the ticker XTAO. The company raised $22.8 million from investors including Digital Currency Group and Animoca Brands.
Shares in xTAO closed down 10.24% at $1.49 on Wednesday, according to data from Google Finance. Still, the company’s recent disclosures underline its broader ambition to position itself as a key player in decentralised AI infrastructure through long-term investment in Bittensor.
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