On April 1, 2026, Grayscale Bittensor Trust (TAO) filed an 8-K report detailing the issuance of 121,300 shares at varying prices based on the net asset value (NAV) per share. This issuance was made to selected accredited investors under Rule 506(c) of Regulation D, which allows for private placements exempt from registration requirements. The total capital raised through this transaction amounts to approximately $715,103. As a result of this issuance, the total number of shares outstanding has increased to 2,002,800 as of the filing date. Grayscale Securities, LLC acted as the Authorized Participant in these transactions. The report indicates that the Trust continues to create and issue shares periodically, which may lead to ongoing distributions. Notably, no underwriting discounts or commissions were paid to Grayscale Securities for these sales. This development is expected to have a small positive effect on the stock price as it reflects the Trust's ability to attract investment and expand its capital base.

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