TaoWeave sells 3,959 TAOs, Bittensor (TAO) prices face new threats

Bittensor prices face new pressure: TaoWeave sells 3,959 TAOs

Bittensor prices are facing a new round of selling pressure, as TaoWeave sold 3,959.23 TAOs in the first half of 2026 to pay for operating expenses and manage liquidity. According to the company's latest filings, the sale earned $1.172 million, but generated a net realized loss of $114,000.

The reason why this incident is important is that TaoWeave has previously been positioned to accumulate and pledge Bittensor's TAO tokens, but its cash needs have forced it to put some treasury assets back on the market. As of June 30, the company held 23,335.18 TAOs worth US$4.709 million, accounting for approximately 69.5% of its total assets of US$6.776 million.

They once said they would never sell. Six months later, they sold at a loss to survive.

In December 2025, Oblong changed its name to TaoWeave and launched a long-only $TAO treasury strategy. "We have never sold any TAOs since our founding," the company wrote in its 10-K report. This position was maintained for two quarters. By June, they started selling...

-- @2xnmore, August 23, 2026

Specific data on TaoWeave's liquidity situation explains why this sale is critical to Bittensor's TAO price. Cash dropped from US$2.258 million at the end of 2025 to only US$735,000 as of June 30, 2026. In the first half of this year, the company's operating cash expenses were US$1.189 million, and a net loss reached US$1.593 million.

TaoWeave also disclosed that it has not hedged its TAO positions and does not hold other digital assets. Its filing stated that the company expects to sell some of its TAO positions from time to time to pay for operating expenses and manage its cash and liquidity position.

This is why the figure of 8,300 TAOs requires background. The number of 8,300 currently circulating on the X platform is not TaoWeave's forecast, but an external sensitivity calculation based on the company's cash consumption in the first half of the year.

This calculation annualizes cash consumption of approximately US$2.38 million in the first half of the year, subtracts the cash balance of US$735,000, and divides the remaining gap by approximately US$198/TAO to arrive at an estimated value of approximately 8,300 TAOs. If the same cash consumption continues and Bittensor (TAO) prices remain at similar levels, it may be necessary to sell so many TAOs.

TaoWeave's treasury situation also has a positive side. The company purchased 1,900 TAOs in the first half of the year and obtained 728.97 TAOs through pledge, generating pledge income of US$191,000. Even with these new additions, its TAO balance is still 1,330.26 fewer than the end of 2025, a decrease of 5.4%. Therefore, for TAO investors, the question is not a one-time sale of 3,959 tokens, but whether the company needs to sell further treasury assets.

Bittensor's TAO price is around US$225.92 today (depending on the exchange), having previously touched around US$250 on August 22 before falling back. This price means that TaoWeave's remaining 23,335.18 TAOs are worth approximately US$5.1 million at the US$220 price. Compared with its cash balance of US$735,000, the company has huge cryptocurrency reserves. Further sales will bring potential supply pressure to the market, especially if liquidity demand increases.

Good question and deserves to be precise: 8,300 is not the company's own data. The 10-Q report only stated that cash plus TAO should cover approximately 12 months of operations. 8,300 is an external projection: annualize cash consumption in the first half of the year (approximately US$2.38 million), subtract US$735,000 in cash, and divide by approximately US$198/TAO. It is purely an assumption of "if consumption continues..."

-- @2xnmore, August 23, 2026

FAQs

Why did TaoWeave sell 3,959 TAOs

TaoWeave sold 3,959.23 TAOs in the first half of 2026 to pay for operating expenses and manage liquidity, The reason was that its cash dropped from $2.258 million to $735,000.

Will TaoWeave continue to sell more Bittensor TAO

Yes. TaoWeave said its cash and TAO positions should support operations for at least 12 months, but its filing also states that it may sell TAO to pay for fees. An external estimate shows that if cash consumption rates in the first half of the year continue and TAO prices remain at approximately US$198, approximately 8,300 additional TAOs may need to be sold.

What TaoWeave's treasury strategy means for TAO prices

Additional TaoWeave sales could put additional selling pressure on Bittensor's TAO prices, especially during periods of weak liquidity. However, the company's remaining 23,335.18 TAO treasury also constitute a huge reserve, and a higher TAO price would allow it to raise the same amount of cash by selling fewer tokens.