GRAYSCALE BITTENSOR TRUST (TAO)

Grayscale Bittensor Trust (the Trust) is the investment vehicles that enable investors to gain exposure to the token underlying the Bittensor platform (TAO) in the form of a security while avoiding the challenges of buying, storing, and safekeeping Bittensor, directly. Trust’s investment objective is for the value of the Shares (based on TAO per Share) to reflect the value of the TAO held by the Trust, determined by reference to the Reference Rate Price, less the Trust’s expenses and other liabilities. TAO is a digital asset that is created and transmitted through the operations of the peer-to-peer Subtensor Blockchain, a distributed network of computers that operates on cryptographic protocols which underpins the Bittensor Network. The Bittensor Network was designed to facilitate an open-access, peer-to-peer marketplace for artificial intelligence (AI) models. Employees - Sector Blockchain & Cryptocurrency