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According to Techub News and reported by The Block, Canadian listed company xTAO, focused on Bittensor, announced on Wednesday that it has become the largest publicly traded holder of the network's native token TAO. According to the announcement, as of July 30, xTAO held a total of 41,538 TAO, worth approximately $15.8 million. The company added that it still holds a significant amount of cash available for further purchases of TAO.
xTAO is led by Karia Samaroo, who founded the cryptocurrency exchange WonderFi, which was previously acquired by Robinhood for $180 million.