TaoWeave Sells 3,959 TAO Amid Operating Expense Pressures

TaoWeave, formerly known as Oblong, has sold 3,959.23 TAO tokens to fund operating expenses and manage liquidity.

The sales, which took place during the first half of 2026, raised $1.172 million and resulted in a net realized loss of $114,000.

This marks a departure from TaoWeave's long-term strategy to accumulate Bittensor's TAO token, as reported by CryptoSlate in June 2025.

The company held 23,335.18 TAO worth $4.709 million at June 30, accounting for about 69.5% of its total assets.