Simble Sells All Bittensor Tokens at $490 Each, Takes $10K Loss
Simble Solutions has exited its digital asset holdings, selling all Bittensor tokens at a slight loss following new ASX guidance. The company signals a strategic pivot away from digital assets in its treasury management.
- Simble sold all 387.7 Bittensor (TAO) tokens at $490.78 each
- Sale resulted in approximately $10,000 loss before costs
- Decision follows ASX Compliance Update discouraging digital asset treasury strategies
- Proceeds earmarked for working capital
- Company will no longer acquire digital assets as part of treasury strategy
Simble Solutions Exits Digital Asset Holdings
Energy and sustainability software provider Simble Solutions Limited (ASX – SIS) has announced the complete divestment of its digital asset holdings, selling all of its Bittensor (TAO) tokens. This move comes in direct response to recent guidance issued by the Australian Securities Exchange (ASX), which advises listed companies to reconsider or avoid digital asset treasury strategies.
The company sold 387.7242 TAO tokens at a price of $490.78 each, generating proceeds of approximately $190,000 before costs. This sale represents a modest loss of around $10,000 compared to the original acquisition cost of about $200,000. While the financial impact is minor, the strategic implications are significant.
Regulatory Influence and Strategic Shift
Simble’s decision follows the ASX’s Compliance Update no. 09/25, released on 29 August 2025, which provides guidance on the risks and regulatory expectations for listed entities holding digital assets as part of their treasury. The update signals a cautious stance from the ASX, reflecting broader market concerns about volatility, valuation, and governance issues surrounding cryptocurrencies and tokens.
By exiting its digital asset position, Simble aligns itself with this regulatory environment, prioritizing compliance and risk management. The company has also confirmed it will no longer acquire digital assets as part of its treasury strategy, indicating a clear pivot towards more traditional financial management approaches.
Implications for Working Capital and Future Outlook
The funds raised from the sale of TAO tokens will be redirected to support working capital needs, reinforcing Simble’s operational flexibility. This reallocation suggests a focus on strengthening core business activities, which include energy efficiency software, carbon footprint tracking, and renewable energy development projects across Australia, the UK, and Vietnam.
Simble’s core business pillars remain firmly rooted in energy and sustainability solutions, with platforms like SimbleSense and CarbonView providing real-time energy intelligence and carbon reporting tools. The company’s exit from digital assets may also reassure investors seeking stability amid the evolving regulatory landscape.
While the immediate financial impact of this sale is limited, the strategic message is clear – Simble is recalibrating its treasury approach to align with regulatory expectations and market realities, potentially setting a precedent for other ASX-listed companies exploring digital asset investments.
Bottom Line?
Simble’s digital asset exit marks a cautious recalibration of treasury strategy amid tightening ASX oversight.
Questions in the middle?
- What alternative treasury strategies will Simble pursue following its exit from digital assets?
- How will this regulatory guidance impact other ASX-listed companies with digital asset holdings?
- Could Simble’s pivot influence investor confidence in its core energy and sustainability operations?