xTAO Dominates as Largest Public Holder of Bittensor’s AI-Powered TAO Token

Move over, hedge funds—xTAO just grabbed the crown as the biggest whale in Bittensor's AI token ecosystem. The crypto investment vehicle now holds more TAO than any other publicly disclosed entity, betting big on decentralized machine learning.

Subheader: A Power Play in AI Crypto

While traditional VCs were busy writing checks to centralized AI startups, xTAO went straight for the blockchain jugular. Their TAO accumulation signals institutional-grade confidence in Bittensor's vision—or just another case of 'when in doubt, ape the narrative.'

Subheader: The New AI Token Heavyweight

No fluffy partnership announcements here. xTAO's position speaks louder than any press release, proving that in crypto, cold hard token ownership still trumps PowerPoint roadshows. The move comes as TAO flirts with its third all-time high this quarter—because nothing pumps a bag like public proof of institutional accumulation.

Closing jab: Watch how fast the 'smart money' flip this position if the Fed hiccups.

xTAO bets on AI infrastructure on-chain

xTAO went public 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.

The firm obtained $22.8 million subscription‑receipt financing from Digital Currency Group, Animoca Brands, Arca, Borderless Capital, and FalconX, among others.