TaoWeave, formerly known as Oblong, disclosed that it sold 3,959.23 Bittensor TAO during the six months ended June 30 to fund operating expenses and manage liquidity, raising $1.172 million and recording a $114,000 net realized loss. The sales were reported in the company’s Aug. 7 quarterly filing and mark a shift from the strategy outlined in June 2025, when predecessor Oblong planned to use most of a $7.5 million private placement to acquire TAO and support Bittensor. At June 30, TaoWeave held 23,335.18 TAO worth $4.709 million, equal to about 69.5% of its $6.776 million in total assets, with all holdings staked through custodians BitGo and Kraken. The company held no other digital assets and did not hedge its TAO exposure, leaving its balance sheet concentrated in a single volatile token. Staking generated 728.97 TAO and $191,000 of revenue in the first half, while purchases of 1,900 TAO were outweighed by sales, leaving the treasury down 1,330.26 TAO, or 5.4%, from year-end. TaoWeave said it may sell more TAO as cash needs require and has no committed credit facility or other liquidity arrangement outside its digital assets, making future token sales sensitive to TAO’s market price.