xTAO announced it holds approximately $16 million worth of TAO tokens, making it the largest holder of TAO tokens among publicly listed companies.

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On July 31, according to TheBlock, xTAO, a publicly listed company focusing on Bittensor, announced holding 41,538 TAO tokens, valued at approximately $16 million, becoming the largest token holder among publicly listed companies.

xTAO was officially listed on the TSX Venture Exchange (TSXV) in Toronto, Canada on July 23, with the stock code XTAO.U. At the time of listing, xTAO also completed a subscription receipt financing round totaling $22.8 million, with investors including several digital asset venture capital firms such as Digital Currency Group (DCG), Animoca Brands, Arca, Borderless Capital, and FalconX.

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