Eightco Holdings (ORBS) Announces Strategic Monetization to Demonstrate Portfolio Gains and Support Accelerated Buybacks
PR Newswire•29/10/2026•08:30 ET
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Key Highlights
- ➤55 million+ shares repurchased under Eightco’s $125 million buyback program
- ➤12.98% of shares outstanding repurchased since August
- ➤OpenAI stake monetized at roughly 40% above initial purchase price
- ➤Treasury holdings totaled approximately $399 million as of October 28
- ➤Board intends to use OpenAI sale proceeds for additional repurchases
Expert Statements
Kevin O'Donnell, Chief Executive Officer of Eightco Holdings
“Since Eightco invested in OpenAI, its valuation has experienced significant step changes, reflecting the scale of the opportunity emerging across artificial intelligence.”
Kevin O'Donnell, Chief Executive Officer of Eightco Holdings
“We've capitalized a portion of our OpenAI position following substantial appreciation and strategically deployed this capital to repurchase ORBS shares.”
Tom Lee, Board member of Eightco Holdings
“The size of the cumulative common share repurchases, in my view, reflects this Company's commitment to deliver shareholder returns.”
Tom Lee, Board member of Eightco Holdings
“More importantly, ORBS continues to own an attractive portfolio of valuable and appreciating assets.”
Tom Lee, Board member of Eightco Holdings
“The sizable gain from the stake in OpenAI is the most recent example.”
Eightco Holdings (ORBS) Announces Strategic Monetization to Demonstrate Portfolio Gains and Support Accelerated Buybacks PR Newswire
Eightco treasury composition as of October 28, 2026: $76M OpenAI equity (indirect), $18M Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $132M cash and equivalents, totaling approximately $399 million
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