Grayscale Bittensor Trust (TAO)
grayscale.comWhat Do They Do?
Holds Bittensor tokens (TAO) and issues investment shares that give accredited investors exposure to the tokens.
10-K for FY2025, filed Mar 12, 2026The Trust’s purpose is to hold Bittensor tokens (“TAO”), which are digital assets that are created and transmitted through the operations…View ↗
The Trust issues common units of fractional undivided beneficial interest (“Shares”), which represent ownership in the Trust, on a periodic…View ↗
While an investment in the Shares is not a direct investment in TAO, the Shares are designed to provide investors with a cost-effective and…View ↗
Who Are Their Customers?
The Trust issues shares in private placements to accredited investors in exchange for TAO; investors can also buy shares on OTCQX.
10-K for FY2025, filed Mar 12, 2026
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 4, 2026
−$4.7MView ↗
- ▼ Now a loss
- vs $3.2M in Q2 FY2025
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Jul 2, 2026
Sponsor CFO steps down; interim co-CFOs appointed
Edward McGee stepped down, and Kathryn Masci and Daniel Plourde became interim co-CFOs.
Sources
8-K, filed Jul 2, 2026
On July 2, 2026, Grayscale Investments Sponsors, LLC (together with its affiliates as the context may require, “Grayscale”, or “the…View ↗
Who Do They Compete With?
Competes with Microsoft and J.P. Morgan
10-K for FY2025, filed Mar 12, 2026Thousands of digital assets have been developed since the inception of Bitcoin, which is currently one of the most developed digital assets…View ↗
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