Eightco Sells $20M of OpenAI Stake at ~40% Gain, Accelerates Buybacks

summarizeSummary

Eightco sold about $20.0 million of its indirect OpenAI stake at roughly 40% above its purchase price and will use the cash to speed up buybacks, with total holdings now near $399 million.

check_boxKey Events · Financing and Capital Events · ORBS

• OpenAI Stake Sold for $20M

  On October 26, 2026, wholly owned subsidiary AI Innovation Capital LLC sold a portion of the indirect OpenAI interest held through an SPV, generating approximately $20.0 million in gross cash proceeds.

• Sale Priced ~40% Above Cost

  The OpenAI shares went for roughly 40% above the Company's initial purchase price, a gain that treasury figures held at cost do not capture.

• Treasury Near $399M

  As of October 28, 2026, the treasury comprised $76M of indirect OpenAI equity, $18M of Beast Industries equity, 16,278 ETH, nearly 302 million WLD, and $132M in cash and equivalents, totaling approximately $399 million.

• Buybacks Pass 55M Shares

  Under the previously announced $125 million program, more than 55 million shares have been repurchased, equal to 12.98% of shares outstanding since August; proceeds from the sale are intended to accelerate repurchases.

auto_awesomeAnalysis · ORBS · Crypto Assets

Eightco has monetized a slice of its indirect OpenAI position for about $20.0 million, at roughly 40% above its original purchase price, and the board intends to plow those proceeds into more buybacks. Why it matters: the company's entire story is a treasury of private and crypto assets trading at a discount to book value, and this is the first hard evidence it can actually sell one of those assets above carrying value. Total holdings now stand at roughly $399 million, while cumulative repurchases have passed 55 million shares, or 12.98% of shares outstanding since August. The catch is that the core operating business remains broken per the last 10-Q, so the equity is still a bet on asset marks and buyback execution rather than operations.