Eightco Holdings Stock Soars 21% After Major Buyback and Treasury Update

Eightco Holdings' (ORBS) stock surged 21% to $1.0150 after the company revealed its latest treasury and share buyback update. The report showed that Eightco has around $380 million in holdings, including cash, stablecoins, digital assets, and stakes in private technology companies.

The company repurchased over 25 million common shares during the past month as part of its previously announced $125 million share repurchase program. This move is seen as a positive sign for investors, indicating that Eightco's management is confident in the company's prospects.

Eightco's treasury portfolio is centered around artificial intelligence, digital identity, and the creator economy. The company holds Worldcoin tokens (WLD) worth $0.37 each, representing about 29% of its reported treasury assets. This exposure is significant, given that Eightco's WLD position equals approximately 8.3% of circulating supply.

The company also holds Ethereum tokens (ETH), although the value of this holding was not disclosed. Beyond crypto, Eightco has indirect investments in OpenAI and Beast Industries, among other private technology companies.