xTAO holds 16 million dollars in TAO, becoming the largest listed company holder of Bittensor

ChainCatcher news, according to The Block, the publicly listed company xTAO, focused on the Bittensor ecosystem, disclosed on Wednesday that it holds 41,538 TAO tokens (currently worth about $15.8 million), making it the largest publicly traded holder in this AI crypto network.

xTAO stated that it will earn approximately 10% annual yield through staking and plans to continue increasing its holdings. The company is led by former WonderFi exchange CEO Karia Samaroo and recently received an investment of 22.8 million CAD from institutions including DCG, but its stock price fell 10.24% to $1.49 on the same day.