TaoWeave (NASDAQ:TWAV) shares are trading lower in after-hours trading Monday.

TWAV shares fell 14.6% to $1.35 in after-hours trading after the company reported first-quarter 2026 financial results and detailed its Bittensor-focused digital asset treasury strategy.

The company focuses on the Bittensor ecosystem and holds Bittensor (CRYPTO: TAO) tokens as its primary treasury asset.

TAO Holdings Boost Earnings

TaoWeave reported first-quarter net income of $1.7 million, compared with a net loss of $672,000 in the prior-year quarter. The company said results were driven primarily by a $2.2 million unrealized gain tied to appreciation in its TAO holdings.

Revenue increased 14% year-over-year to…

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