Grayscale Bittensor Trust issues 151,900 shares for 2,869.4 TAO ($891,272) under Rule 506(c)

Grayscale Bittensor Trust (TAO)

Trust issued 151,900 Shares to selected accredited investors at varying prices based on NAV per Share, receiving 2,869.41581933 TAO worth $891,272.
Grayscale Securities, LLC acted as Authorized Participant and distributor/marketer; no underwriting discounts or commissions were paid.
Shares issued and outstanding totaled 2,994,200 as of September 28, 2026.
Trust cautions that ongoing periodic creations may constitute a continuous 'distribution,' and Grayscale Securities may be deemed an 'underwriter' under Section 2(a)(11).

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