---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-232526"
form_type: "8-K"
ticker: "GTAO"
cik: "0002029297"
company_name: "Grayscale Bittensor Trust (TAO)"
filed_at: "2026-05-20T20:02:32+00:00"
generated_at: "2026-05-20T20:04:20.451163+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Grayscale Bittensor Trust issued 211,900 shares for $1.15M in private placement

## Summary
- Issued 211,900 Shares at NAV-based prices to accredited investors under Rule 506(c).
- Aggregate proceeds of 4,038.87 TAO, valued at $1,149,569.
- Grayscale Securities acted as Authorized Participant; no underwriting discounts paid.
- Total shares outstanding increased to 2,397,300 as of May 20, 2026.
- Issuance represents periodic distribution; Grayscale Securities may be deemed an underwriter.

## SEC filing metadata
- accession: 0001193125-26-232526
- form_type: 8-K
- ticker: GTAO
- cik: 0002029297
- company_name: Grayscale Bittensor Trust (TAO)
- filed_at: 2026-05-20T20:02:32+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 3.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2029297/000119312526232526/0001193125-26-232526-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2029297/000119312526232526/gtao-20260515.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-232526
- JSON: https://secwatch.observer/filing/0001193125-26-232526.json
- Plain text: https://secwatch.observer/filing/0001193125-26-232526.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.