Grayscale Bittensor Trust (TAO) issued 121,300 Shares since its most recently filed Annual Report on Form 10-K. These Shares were sold at varying prices determined by reference to the Trust's Net Asset Value (NAV) per Share. The sales were made to selected accredited investors, as defined by Rule 501 of Regulation D under the Securities Act of 1933. The private placement transactions were exempt from registration requirements pursuant to Rule 506(c) of the Securities Act. The issuance represents an aggregate of 2,322.50581174 TAO, valued at $715,103. Grayscale Securities, LLC acted as the Authorized Participant for these distributions. No underwriting discounts or commissions were paid to Grayscale Securities for these sales. As of April 1, 2026, there are 2,002,800 Shares issued and outstanding.