KR1 buys 5,000 TAO and starts staking Bittensor tokens
- —KR1 bought 5,000 TAO and folded them into its infrastructure business
- —Estimated annualized income is about 6.6%, with no guaranteed return
- —The company said there is no mandatory unbonding period
- —TAO holdings and income will be disclosed monthly on an unaudited basis
Why it matters: A listed company adding TAO to its staking operations boosts institutional demand for the Bittensor token.
Source: TokenPost