Bittensor’s price is facing a new source of selling pressure after TaoWeave sold 3,959.23 TAO during the first half of 2026 to fund operating expenses and manage liquidity. The sales generated $1.172 million but resulted in a $114,000 net realized loss, according to the company’s latest filing.
The development matters because TaoWeave had positioned itself around accumulating and staking Bittensor’s TAO, yet its cash requirements have now forced part of that treasury back into the market. As of June 30, the company held 23,335.18 TAO worth $4.709 million, representing about 69.5% of its $6.776 million in total assets.
They said they'd never sell. Six months later, they sold at a loss to survive.
— 2xnmore (@2xnmore) August 23, 2026
In Dec 2025, Oblong rebranded as TaoWeave and pitched a long-only $TAO treasury. "We have not sold any TAO since inception," in their own 10-K.
That posture lasted two quarters.
By June, they'd sold…
The numbers behind TaoWeave’s liquidity position explain why the sale matters for the Bittensor TAO price. Cash fell from $2.258 million at the end of 2025 to only $735,000 by June 30, 2026. During the first six months of the year, the company used $1.189 million in operating cash and reported a net loss of $1.593 million.
TaoWeave also disclosed that it does not hedge its TAO exposure and holds no other digital assets. Its filing says the company expects to sell portions of its TAO holdings from time to time to fund operating expenses and manage its cash and liquidity position.
That is where the 8,300 TAO figure needs some context. The number circulating on X is not a forecast from TaoWeave. It is an external sensitivity calculation based on the company’s first-half cash burn.
The calculation annualizes roughly $2.38 million of H1 burn, subtracts the $735,000 cash balance and divides the remaining gap by roughly $198 per TAO. That produces an estimate of about 8,300 TAO that could need to be sold if the same burn continues and the Bittensor (TAO) price stays near that level.
There is also a more positive side to TaoWeave’s treasury position. The company bought 1,900 TAO during the first half and earned 728.97 TAO through staking, generating $191,000 in staking revenue.
Even after those additions, its TAO balance fell by 1,330.26 tokens, or 5.4%, from the end of 2025. The issue for TAO investors is therefore less about one 3,959-token sale and more about whether additional corporate treasury selling becomes necessary.
The Bittensor TAO price is around $225.92 today, depending on the exchange, after reaching roughly $250 on August 22 before falling back.
That price means TaoWeave’s remaining 23,335.18 TAO would be worth roughly $5.1 million at $220, giving the company a large crypto reserve compared with its $735,000 cash balance. More selling would add a potential source of supply to the market, especially if liquidity needs increase.
Good question, and worth being precise: that 8,300 isn't the company's own number. The 10-Q only says cash + TAO should cover ~12 months.
— 2xnmore (@2xnmore) August 23, 2026
The 8,300 is an external extrapolation: annualise the H1 burn (~$2.38M), subtract the $735K cash, divide by ~$198/TAO. Pure "if the burn…
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For TAO holders, the key figure to watch is therefore not simply the 3,959 TAO already sold. It is whether TaoWeave follows that transaction with additional sales. The company says its cash and TAO should fund operations for at least 12 months, but it also acknowledges that future TAO sales may depend on expenses, market prices and liquidity.
If the Bittensor TAO price rises, TaoWeave could raise the same amount of cash with fewer tokens. If TAO falls, the company would need to sell more tokens to generate the same dollars, increasing the potential supply pressure.
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