Grayscale Bittensor Trust (TAO) (GTAO) issued 253,100 shares in private placements to selected accredited investors at varying prices determined by reference to NAV per Share. The distributions represented 4,777.99171760 TAO, representing $1,451,029, and were made under the Rule 506(c) exemption from Securities Act registration. The Trust had 3,247,300 shares issued and outstanding as of October 13, 2026. Grayscale Securities, LLC acted as the Authorized Participant. The Trust stated that Grayscale Securities may be deemed an underwriter because it facilitates share creation and acts as distributor and marketer.
Grayscale Bittensor Trust (TAO) became a party to an amended BitGo custodial services agreement on September 30, 2026, and its prior BitGo custody agreement was terminated. BitGo remains the Trust’s primary custodian and provides custody and safekeeping of its TAO.
The Trust also became a party to the Coinbase Prime Broker Agreement on September 29, 2026, adding Coinbase, Inc. as an additional custodian for a portion of its TAO. The Sponsor intends to use Coinbase’s custody services but has not determined how much TAO to move there. Both arrangements provide for segregated custody; Coinbase does not commingle the Trust’s TAO with other clients’ digital assets or its own assets.
Grayscale Bittensor Trust (TAO) (GTAO) issued 151,900 Shares in private placements to selected accredited investors at varying prices determined by reference to NAV per Share. The transactions were exempt from Securities Act registration under Rule 506(c) and represented an aggregate of 2,869.41581933 TAO, representing $891,272. Grayscale Securities, LLC acted as the Authorized Participant, and no underwriting discounts or commissions were paid to it for these sales. Because Shares are created and issued periodically, a distribution may occur from time to time, and Grayscale Securities may be deemed an underwriter.
Grayscale Bittensor Trust (TAO) (GTAO) reports that it has completed additional unregistered sales of its Shares in private placements to accredited investors. The Trust issued 148,800 Shares at varying prices based on its NAV per Share, for an aggregate of 2,814.13415038 TAO representing $650,589, under the Securities Act exemption in Rule 506(c) of Regulation D. Grayscale Securities, LLC acted as Authorized Participant, distributor and marketer in these distributions and may be deemed an underwriter, but received no underwriting discounts or commissions. Following these issuances, there were 2,842,300 Shares issued and outstanding as of September 15, 2026.
Grayscale Bittensor Trust (TAO) (GTAO) reported unregistered sales of its shares in a private placement to accredited investors. Since its most recent prior report, the Trust issued 296,200 Shares at prices determined by reference to its NAV per Share under a Rule 506(c) exemption from registration.
The placement represented TAO with a stated aggregate value of $1,306,098. Grayscale Securities, LLC acted as the Authorized Participant for these creations and, as distributor and marketer, may be deemed an underwriter under Section 2(a)(11) of the Securities Act, though it received no underwriting discounts or commissions. Following these issuances, 2,693,500 Shares were issued and outstanding as of August 27, 2026.
DCG International Investments Ltd filed a notice to sell 900 common shares of Grayscale Bittensor Trust, with an aggregate market value of 4,304.97, on or about August 6, 2026 on OTCQX. These shares were purchased from the issuer for cash in a privately negotiated transaction on June 11, 2024. The filing also lists multiple prior sales of Grayscale Bittensor Trust common shares by DCG International over the past three months. Total common shares outstanding are reported as 2,474,800.
DCG International Investments Ltd submitted a notice of proposed sale of GTAO common stock. The filing identifies prior sales of GTAO common shares over the past three months. Reported transactions include 2,000 shares sold on July 29, 2026 for 10,449.8, and 1,000 shares sold on each of July 30, July 31, August 3, and August 4, 2026, for 4,752.0, 4,590.0, 4,600.0, and 4,600.0, respectively.
DCG International Investments Ltd submitted a Form 144 notice to sell 1,000 shares of common stock of Canaccord Genuity Corp on or after 08/04/2026 through the OTCQX market. The shares were originally acquired on 06/11/2024 in a privately negotiated transaction for cash.
The holder also reports prior sales of the same common stock during the past three months, including 2,000 shares on 07/29/2026, 1,000 shares on 07/30/2026, 1,000 shares on 07/31/2026, and 1,000 shares on 08/03/2026.
Grayscale Bittensor Trust (TAO) reported net assets of $9,385 as of June 30, 2026 (amounts in thousands), based entirely on its holding of 46,331.53981603 TAO valued at $202.57 per TAO on its principal market, Coinbase. Principal Market NAV per Share declined to $3.85 from $4.24 at December 31, 2025. For the quarter, the trust recorded a net decrease in net assets from operations of $4,681, driven by a $4,612 net realized and unrealized loss on TAO as the price fell from $306.80 on March 31 to $202.57 on June 30, plus a Sponsor’s Fee of $69. Quarterly total return based on Principal Market NAV was -34.41%, and the six‑month return was -9.20%.
Despite investment losses, net assets rose 18% in the first half of 2026 as investors contributed about 10,635 TAO (valued at $3,034) via share creations, partly offset by the withdrawal of roughly 497 TAO to pay the Sponsor’s Fee of $121. The trust charges an annual Sponsor’s Fee of 2.5% of assets (expense ratio 2.50%), holds no cash, and currently does not operate a redemption program. Shares trade on OTCQX under the symbol GTAO and, to date, have traded at premiums to the value of TAO held, less expenses, which at times have been substantial, leaving shareholders fully exposed to TAO price volatility and premium risk.
DCG International Investments Ltd filed to sell 1,000 shares of GTAO common stock on the OTCQX market. The shares were originally purchased from the issuer in a privately negotiated transaction for cash on 06/11/2024. DCG International previously sold a total of 4,000 GTAO common shares in three transactions on 07/29/2026, 07/30/2026, and 07/31/2026, for consideration of 10,449.8, 4,752.0, and 4,590.0, respectively.