Eightco Holdings Announces Strategic OpenAI Asset Monetization to Fund Share Buybacks
Eightco Holdings (NASDAQ: ORBS) has announced the strategic monetization of a portion of its indirect investment in OpenAI, achieving a sale price approximately 40% above its initial purchase cost. The company intends to utilize these proceeds to accelerate its existing $125 million share repurchase program, having already repurchased over 55 million shares—representing 12.98% of outstanding stock—since August. The company's treasury is valued at approximately $399 million as of late October 2026, comprising significant holdings in OpenAI equity, Beast Industries, Ethereum (ETH), and World (WLD). Management noted that the current market valuation of ORBS trades at a discount to its net asset value, prompting the decision to leverage appreciated assets to drive shareholder returns through aggressive buybacks.
Tickers: $ORBS
Topics: asset monetization OpenAI investment share buyback treasury composition
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