Eightco Holdings, listed on Nasdaq under the ticker ORBS, said its total assets stood at about $380 million as of Sept. 2. The company said the portfolio includes about $90 million in indirect OpenAI equity held through an SPV, $18 million in Beast Industries equity, a $1 million investment in Mythical Games, 16,278 ETH, nearly 302 million WLD, and about $122 million in cash and stablecoins. It valued the WLD position using a Coinbase price of roughly $0.37 per token.
The company also said it repurchased more than 25 million common shares over the past month under a previously announced $125 million buyback plan. In addition, it disclosed prior participation in a $52.5 million financing round for World Foundation led by Pantera.
Eightco said it sees the portfolio as exposure to three themes: artificial intelligence, digital identity and the creator economy. According to the disclosure, OpenAI accounts for about 24% of treasury assets, WLD about 29%, and Beast Industries about 5%. The company described its WLD position as the largest publicly disclosed institutional holding globally, representing about 8.3% of circulating supply. Management said the portfolio covers key parts of a future AI and digital finance system.
Eightco Holdings (Nasdaq: ORBS) said in an announcement that its total assets were about $380 million as of Sept. 2, according to BlockBeats.
The company said its holdings mainly consist of about $90 million in indirect OpenAI equity through an SPV, $18 million in Beast Industries equity, a $1 million investment in Mythical Games, 16,278 ETH, nearly 302 million WLD, and about $122 million in cash and stablecoins. It valued the WLD position at roughly $0.37 per token based on Coinbase pricing.
Buyback activity and prior financing participation
Eightco said it repurchased more than 25 million common shares over the past month under its previously announced $125 million buyback plan. The announcement also said the company had participated in World Foundation’s $52.5 million financing round led by Pantera.
How the company frames the portfolio
Eightco said the portfolio is positioned around three themes: artificial intelligence, digital identity and the creator economy. Based on the company’s disclosure, OpenAI makes up about 24% of treasury assets, WLD about 29%, and Beast Industries about 5%.
The company described the WLD position as the largest publicly disclosed institutional holding in the world, equal to about 8.3% of circulating supply. Management said the portfolio covers key parts of a future AI and digital financial system.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
