xTAO's recent acquisition of 41,538 TAO tokens, valued at $16 million, enhances its validator operations and targets a 10% annual yield through staking.
On July 31, xTAO Inc. disclosed it holds 41,538 Bittensor (TAO) tokens worth approximately $16 million, making it the largest public holder. This acquisition supports its validator operations and aims for a 10% annual yield through staking. xTAO recently raised $22.8 million from institutional investors for its listing on the TSX Venture Exchange, despite TAO's price decline to $371.90 from a monthly high of $459.73.