Eightco Reveals $326M Treasury With Heavy OpenAI Exposure, Worldcoin Bet

• Eightco Holdings disclosed total holdings of approximately $326 million, with a focus on digital assets and private technology investments.
• The company possesses over 277 million Worldcoin, 11,068 Ethereum, and $109 million in cash and stablecoins.
• OpenAI represents about 30% of ORBS's total assets, alongside a $25 million stake in Beast Industries.

Eightco Holdings Inc. (ORBS) reported total holdings of roughly $326 million on Tuesday, with significant exposure to digital assets and private technology investments. 

The company holds over 277 million Worldcoin (WLD), 11,068 Ethereum (ETH), and $109 million in cash and stablecoins. Interestingly, OpenAI represents nearly 30% of ORBS's total treasury position, and the company also holds a $25 million stake in Beast Industries.

Ethereum’s price was at $2,072, up 0.7% in the last 24 hours. On Stocktwits, retail sentiment remained in ‘bearish’ territory, while chatter around it remained at ‘normal’ levels over the past day.

With almost 9% of the WLD in circulation, ORBS has established itself as a significant player in the Worldcoin ecosystem. According to the company, its strategy is to provide high-growth private companies that are shaping the future of technology with access to public-market investors. 

Eightco stock was up over 5% on Tuesday morning. On Stocktwits, retail sentiment around ORBS deteriorated to ‘bullish’ from ‘extremely bullish’ territory, while chatter around it remained in ‘extremely high’ levels over the past day.

CEO Wants To Create Nexus Of Digital Identity

CEO Kevin O'Donnell highlighted that the company is investing in businesses such as OpenAI and Beast Industries to build a portfolio at the nexus of digital identity, artificial intelligence, and next-generation consumer platforms.

Additionally, the company has raised $130 million in new funding commitments, with Bitmine Immersion Technologies leading the way with a $80 million investment. ARK Invest and Payward, the parent company of Kraken, have also contributed. 

Brett Winton of ARK noted that the company is helping bridge the gap between public investors and revolutionary private technologies, and ORBS stated that the capital will support its strategy of investing in AI, blockchain infrastructure, and digital consumer platforms.

Read also: Elon Musk Quips On ‘Plus Side’ Of Quantum Threat After Google Study Raises Fresh Questions On Crypto Security

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