Treasury Strategy Update
| Stock | Simble Solutions Ltd (SIS.ASX) |
|---|---|
| Release Time | 5 Sep 2025, 9:50 a.m. |
| Price Sensitive | Yes |
Simble Sells All Bittensor (TAO) Holdings
- Simble sold all of its Bittensor (TAO) holdings
- Decision made following consultation with ASX
- Funds from sale to be used for working capital
Simble Solutions Limited (ASX:SIS), an energy and sustainability software company, has announced that it has sold all of its Bittensor (TAO) holdings. The decision was made following recent consultation with ASX, and in light of ASX's Compliance Update no. 09/25 released on 29 August 2025, which sets out ASX's guidance on listed entities pursuing digital asset treasury strategies. Simble sold 387.7242 TAO (being all of its TAO holding) at a price of $490.78 per TAO for total proceeds of ~$190k (before costs). The TAO was previously acquired for a total cost of ~$200k (before costs), resulting in a loss of ~$10k (before costs) on the sale. Funds raised from the sale of TAO will be used for working capital as previously announced. Simble's operations are built around two core business pillars: Energy and Sustainability Software Solutions & Training, and Renewable Energy Developments. The company operates across the Commercial & Industrial and Medium Sized Enterprise segments in Australia and the United Kingdom, and has an international presence with teams in Australia, the United Kingdom, and Vietnam.