TaoWeave is a public company designed to give investors exposure to TAO, the native cryptocurrency of the Bittensor network. Bittensor is a decentralized, open-source network that coordinates AI model development and deployment. The network is organized into "subnets," each focused on a specific AI task, where miners produce AI outputs and validators evaluate quality. An on-chain consensus mechanism called Proof-of-Intelligence allocates newly minted TAO to participants based on contribution quality. TAO has a fixed supply cap of 21M tokens, with emissions declining over time through Bitcoin-style halvings. TaoWeave's core business model mirrors a Bitcoin treasury company: it raises capital through equity offerings, buys TAO on exchanges, and stakes that TAO on the Bittensor network to earn additional TAO as yield. Returns depend on how much TAO TaoWeave holds, TAO's market price, and the performance of the subnets it stakes into. TaoWeave holds all acquired TAO and does not hedge, making it a concentrated, unhedged bet on TAO. The company also operates two legacy businesses — a visual collaboration hardware product called Mezzanine and managed video collaboration and network services — but announced end-of-life for Mezzanine in 2025 and expects to wind down both legacy businesses entirely.