TaoWeave promised to hoard TAO forever, but paying the bills just forced another crypto treasury sell-off of 3,959 TAO
TaoWeave, formerly known as Oblong, says its long-term strategy is to accumulate Bittensor's TAO token. Its latest filing shows the treasury flow moving the other way during the first half of 2026. The company sold...
Bitcoin 1 Minute
Here is the latest from the digital-asset markets: TaoWeave, formerly known as Oblong, says its long-term strategy is to accumulate Bittensor's TAO token. Its latest filing shows the treasury flow moving the other way during the first half of 2026. The company sold 3,959.
23 TAO to fund operating expenses and manage liquidity. 172 million and produced a $114,000 net realized loss. They occurred during the six months ended June 30 and were newly reported in the company's Aug.
Market Dynamics
7 quarterly filing, rather than taking place on the filing date. The disclosure marks a turn from the plan reported in June 2025, when predecessor Oblong intended to direct most of a $7. 5 million private placement toward acquiring TAO and supporting Bittensor.
Related Reading Bitcoin treasury companies said they'd never sell – the bear market changed that fast As debt, dividends, and buybacks enter the picture, some companies are starting to treat Bitcoin less like a sacred reserve and more like liquidity. May 7, 2026 Gino Matos TaoWeave held 23,335. 709 million at June 30, about 69.
776 million in total assets. All of the holdings were staked through custodians BitGo and Kraken. The company did not hedge its TAO exposure and held no other digital assets, leaving its balance sheet concentrated in one volatile token.
Market Impact
97 TAO and generated $191,000 of revenue during the first half. TaoWeave also bought 1,900 TAO, but the 3,959. 23-token sale still left its balance down 1,330.
Cash needs put the token balance at risk TAO traded near $198 on Aug. 8, according to spot quotes from Coinbase and Kraken. Applying that price to the unchanged June 30 count would value the treasury at about $4.
62 million, although TaoWeave has not confirmed its current token balance. Related Reading Bittensor sheds $900 million in market value as key AI developer exits amid in-fighting TAO slid 27% fast, liquidations hit, and the real trigger behind Covenant’s exit is still being hotly disputed. Apr 10, 2026 Oluwapelumi Adejumo At June 30, TaoWeave held $735,000 in cash; it used $1.
This shift continues to shape the digital-asset landscape, with analysts examining its near-term effects.
