Thomas (Tom) Lee (not drummer) FundstratDirect.com
@fundstrat
CIO Fundstrat Capital @FundstratCap $GRNY $GRNJ| Research @fundstratdirect | @CNBC FT contr. | Chairman Bitmine @BitMNR $BMNR $BMNP | Wikipedia:
Joined July 2014
977 Following 672.6K Followers
Congrats on the sizable gain on the @OpenAI position
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$ORBS
@Iamhuman_ORBS
Eightco Holdings $ORBS Announces Strategic Monetization to Demonstrate Portfolio Gains and Support Accelerated Buybacks
- On Oct 26, Eightco monetized a small portion of its @OpenAI investment at a price per share roughly 40% above its initial purchase price
- The Board intends to use the sale proceeds for additional share repurchases
- Repurchased more than 55M shares under its $125M share repurchase program
- Since August, repurchased 12.98% of shares outstanding
Treasury as of Oct 28th, totaling ~$399M:
âĸ Nearly 302M $WLD
âĸ 16,278 $ETH
âĸ $76M @OpenAI equity (indirect)
âĸ $18M @Beast Industries equity
âĸ $132M cash and equivalents
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