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

according to TheBlock, the listed company xTAO, focusing on Bittensor, announced that it holds 41,538 TAO tokens, worth about $16 million, becoming the largest holder among publicly listed companies.

xTAO officially listed on the TSX Venture Exchange in Toronto, Canada on July 23, with the stock code XTAO.U. At the same time of listing, xTAO also completed a round of subscription receipt financing totaling $22.8 million.