HomeLatest NewsTaoWeave sold 3,959 TAO to fund operations

TaoWeave sold 3,959 TAO to fund operations

Posted: 10 August 2026, 19:04 CET 2 min read

TaoWeave sold 3,959.23 TAO in H1 2026 to cover operating expenses, raising $1.172 million and recording a $114,000 net realized loss.

TaoWeave, formerly known as Oblong, sold 3,959.23 TAO during the six months ended June 30, 2026, a detail disclosed in the company’s Aug. 7 quarterly filing. The token sales raised $1.172 million and produced a $114,000 net realized loss.

At June 30 the company held 23,335.18 TAO, valued at $4.709 million and representing about 69.5% of its $6.776 million in total assets. All TAO holdings were staked through custodians BitGo and Kraken. The company did not hedge its TAO exposure and held no other digital assets. Staking generated 728.97 TAO and roughly $191,000 of revenue in the first half of 2026.

TaoWeave purchased 1,900 TAO during the period, but the net effect was a decline of 1,330.26 TAO, or 5.4%, from the company’s year-end balance. The filing attributes the token sales to funding operating expenses and managing liquidity rather than accumulating the token.

On the cash side, TaoWeave reported $735,000 at June 30 and used $1.189 million of net operating cash in the first half. Management expects to sell additional TAO as operating needs arise, with timing and amounts to depend on cash requirements, market prices and token liquidity. The filing discloses no committed credit facility or other liquidity source independent of the company’s digital assets.

Using a TAO spot price near $198 on Aug. 8 as an example, the filing presents a sensitivity showing that if the first-half operating cash burn continued for 12 months with no new financing, a $1.643 million shortfall would remain after exhausting June cash. Covering that gap at $198 per token would require about 8,298 TAO, leaving roughly 15,037 TAO, or 64.4% of the June balance, before accounting for additional staking rewards. The filing characterizes that calculation as a sensitivity rather than a forecast.

Management indicates that cash on hand plus potential TAO sales should be sufficient to fund operations and working capital for at least 12 months, and that additional capital will be required over the longer term.