Eightco Holdings Inc. filed an 8-K press release on October 29, 2026, disclosing that the company has repurchased more than 55 million shares of its common stock under its $125 million share repurchase program and monetized a portion of its OpenAI investment at roughly 40% above its initial purchase price.

Key Highlights

  • More than 55 million shares repurchased under the company's previously announced $125 million share repurchase program, according to the filing.
  • 12.98% of shares outstanding have been repurchased since August of this year, the company disclosed.
  • OpenAI stake partially monetized on October 26 at a price per share roughly 40% above the company's initial purchase price, per the filing.
  • Treasury composition as of October 28, 2026 reported as approximately $399 million total, including $76 million in OpenAI equity (indirect), $18 million in Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $132 million in cash and equivalents.
  • Sale proceeds from the OpenAI stake are intended to be used for additional share repurchases, according to the company's board.
  • Treasury holdings are carried at cost, meaning reported figures do not reflect unrealized appreciation, the filing states.

Eightco Details Share Repurchase Progress and Partial OpenAI Sale

According to the filing, Eightco Holdings Inc. (NASDAQ:ORBS), headquartered in Easton, Pa., announced on October 29, 2026, that it has repurchased more than 55 million shares of its common stock since initiating its $125 million share repurchase program. The company disclosed that since August of this year, those repurchases represent 12.98% of shares outstanding. The board stated its intention to utilize the company's balance sheet to accelerate the pace of share repurchases going forward.

The filing further disclosed that on October 26, Eightco monetized a portion of its indirect OpenAI investment at a price per share that was "roughly 40% above the Company's initial purchase price." The company noted that its treasury holdings are carried at cost, meaning the reported figures do not capture unrealized gains. The filing states that management was able to "monetize assets above their carrying value while the Company's stock trades at a discount to net assets," and that proceeds from this partial sale are intended to fund additional share repurchases.

As of October 28, 2026, the company reported total treasury holdings of approximately $399 million, comprising $76 million in indirect OpenAI equity, $18 million in Beast Industries equity, 16,278 ETH, nearly 302 million WLD holdings, and $132 million in cash and equivalents. The filing contains forward-looking statements, which the company identifies as subject to risks and uncertainties under the Private Securities Litigation Reform Act of 1995, including risks related to digital asset price volatility, valuation methodology assumptions, and the possibility that the share repurchase program may be suspended, modified, or discontinued at any time.

What Was Disclosed

Eightco Holdings disclosed progress on its $125 million share repurchase program, reporting more than 55 million shares bought back and a partial sale of its indirect OpenAI position at approximately 40% above cost, with proceeds directed toward further repurchases.