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:
• Nearly 302M $WLD
• 16,278 $ETH
• $76M
@OpenAI equity (indirect)
• $18M
@Beast Industries equity
• $132M cash and equivalents