In short
Important information
Last updated November 10, 2026
- This website is for information only. It is not an offer to sell or a solicitation to buy any security.
- Interests in Stillcore funds are offered only to verified accredited investors, through confidential offering documents.
- Stillcore is not a registered investment adviser, and nothing here is investment, legal or tax advice.
- Digital assets are volatile. An investment in a Stillcore fund is speculative and illiquid, and you could lose all of it.
- Our research is our opinion. Projections are illustrative. They are not forecasts or promises.
- Stillcore, its principals and its funds hold TAO and subnet tokens named on this website.
Not an offer
Not an offer or a solicitation
This material is provided for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to purchase any securities, tokens, or other financial instruments. Any such offer or solicitation will be made solely by means of definitive offering documents in compliance with applicable laws and only to qualified investors who meet specified eligibility requirements.
This website is not directed at any person in any jurisdiction where publishing it or making it available would be against local law or regulation.
Eligibility
Who may invest
Interests in Stillcore funds are offered under Rule 506(c) of Regulation D, only to investors verified as accredited investors as that term is defined in Rule 501 of Regulation D. Some Stillcore funds are also limited to qualified purchasers or qualified clients, as those terms are defined under U.S. securities laws. Stillcore takes reasonable steps to verify each investor’s status before a subscription is accepted.
Calls about the fund are for accredited investors. Booking a call, opening the fund overview or asking for documents does not make you an investor and does not commit you or Stillcore to anything.
Any decision to invest should be made only on the basis of the confidential offering documents. They describe the terms, fees, risks and conflicts of interest in full, and they govern over anything on this website.
Regulatory status
Regulatory status
No regulatory authority, including the U.S. Securities and Exchange Commission or any other federal, state, or foreign agency, has approved, disapproved, or passed upon the accuracy or adequacy of this information. Interests in any Stillcore-managed fund have not been registered under the U.S. Securities Act of 1933, the securities laws of any state, or the laws of any foreign jurisdiction. Stillcore Capital Management, LLC (“Stillcore”) is not registered as an investment adviser under the Investment Advisers Act of 1940 or similar state or foreign securities laws.
Risks
Risks of digital assets and of the funds
Investments in digital assets, including TAO and subnet tokens on the Bittensor network, involve substantial risks, including but not limited to extreme price volatility, liquidity constraints, technological failures, cybersecurity vulnerabilities, governance disputes, regulatory uncertainties, and potential loss of principal. Tokens associated with Bittensor subnets do not represent ownership in a legal entity and may lack traditional investor protections or standardized disclosures. An investment in any Stillcore fund is speculative, illiquid, and subject to significant risk, including the possible loss of the entire investment. There is no guarantee that any fund’s investment objectives will be achieved, or that performance will resemble that of any benchmark or illustrative index.
Risks to weigh include, among others:
- Price. TAO and subnet tokens can lose most of their value quickly.
- Concentration. Stillcore funds are dedicated to one ecosystem, Bittensor (TAO), and are not diversified.
- Liquidity. Fund interests carry a lock-up period, limits on withdrawals and restrictions on transfer, and there is no public market for them.
- Technology and custody. Software defects, network failures, hacks, lost keys or the failure of an exchange, custodian or other counterparty can cause permanent loss.
- Regulation and tax. The legal and tax treatment of digital assets is unsettled and may change in ways that hurt their value or the funds.
- Valuation. Digital assets, and thinly traded subnet tokens in particular, can be hard to value, and prices differ between venues.
- Fees. Management fees and performance-based allocations reduce returns.
This is a summary, not a complete list. The offering documents set out the risks in full.
Projections and performance
Forward-looking statements
This website and our research contain forward-looking statements, including projections, estimates, scenarios, targets and statements of belief about Bittensor (TAO), its subnets, the market for AI and the prices of digital assets. Phrases such as “we believe”, “we expect” and “could” mark these statements. They reflect our views on the date they were written, rest on assumptions that may prove wrong, and involve risks and uncertainties that could cause actual outcomes to differ materially. They are not guarantees, and Stillcore undertakes no obligation to update them.
Past performance is not indicative of future results. A reference to the past performance of a digital asset, a subnet, an index or a person does not predict the results of any Stillcore fund.
Research
About our research
Stillcore research is published for informational and educational purposes and represents our views on the Bittensor ecosystem and decentralized AI markets. It contains no information about the performance, returns or specific holdings of any Stillcore fund. Projections and scenarios are illustrative, not forecasts, and rest on assumptions that may prove incorrect. Each report carries its own full disclosures.
Stillcore Capital, its principals and the funds it manages hold TAO and positions in subnet tokens, including some of the subnets named in our research, and may buy or sell any of them at any time without notice.
Nothing on this website is investment, legal, tax or accounting advice, or a recommendation to buy, sell or hold any asset. It does not take account of your objectives, financial situation or needs. Speak with your own advisers before making any investment decision.
Some information here comes from third-party sources that we believe to be reliable. We have not independently verified it and make no representation as to its accuracy or completeness. Company, product and network names belong to their owners, and naming them does not imply any affiliation with Stillcore or endorsement of it.
Website
Website terms
Information on this website is provided as of its date and may change without notice. References to third-party websites, platforms or content do not imply endorsement.
This website links to services run by others, including Calendly for booking calls, DocSend for documents, and X and LinkedIn. Those services operate under their own terms and privacy policies. We use Google Analytics and Cloudflare Web Analytics to understand how the website is used, including which pages are read and which links are clicked. When you book a call, open a document or message us, Stillcore uses the details you provide to respond to you and to keep a record of the contact.
Questions about these disclosures: [email protected].