Eightco Holdings invested an additional $40 million in OpenAI Thursday, bringing its total indirect stake in the private AI company to $90 million - approximately 30% of the firm's entire treasury, according to a company announcement.
The investment was funded through a $125 million fundraising round closed earlier this month, led by $75 million from Bitmine Immersion Technologies, with $25 million each from ARK Invest and Payward, the parent company of Kraken.
ORBS shares fell approximately 5% in early trading Friday to around $0.90, down roughly 93% over the past six months, despite the company's accumulation of high-profile AI and digital asset holdings.
The company holds the investment through an indirect wholly owned subsidiary, acquiring beneficial interests in OpenAI preferred stock rather than direct equity.
Treasury Holdings
Eightco's total disclosed holdings now include $90 million in OpenAI, 277,222,975 Worldcoin (WLD) tokens - approximately 10% of WLD's circulating supply valued near $89 million - 11,068 ETH worth roughly $23.6 million, and $76 million in cash and stablecoins.
The company also made a $25 million strategic investment in Beast Industries, the media company founded by YouTube creator MrBeast.
Eightco describes itself as a retail-accessible vehicle for exposure to high-growth private companies that individual investors cannot otherwise reach.
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Board and Advisor Changes
Alongside the March fundraise, Bitmine chairman Tom Lee joined Eightco's board of directors, and Brett Winton, chief futurist at ARK Invest, joined as a board advisor.
The additions are intended to support the company's investment strategy in AI, blockchain, and digital consumer platforms.
Context on the Stock
Eightco's September 2025 announcement of a $250 million digital asset treasury focused on Worldcoin briefly drove ORBS shares to a 52-week high of $83.12.
The stock has since lost virtually all of that gain.
TipRanks rates the stock a Hold with a $1.50 price target, noting weak financial performance including ongoing losses, negative operating cash flow, and a bearish technical trend.
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