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Eightco repurchases 55M shares, sells OpenAI stake at 40% gain, plans more buybacks to boost shareholder value.

Company Fundamentals
29 Oct 2026, 15:30 WIB
PRNewsWire
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Bullish
Eightco repurchases 55M shares, sells OpenAI stake at 40% gain, plans more buybacks to boost shareholder value.

Eightco Holdings has repurchased over 55 million shares under its $125 million buyback program, representing nearly 13% of its shares since August. The company sold a portion of its OpenAI investment at a 40% gain over its initial cost, highlighting portfolio appreciation not reflected in its reported treasury values. Proceeds from this sale will fund further share repurchases as Eightco aims to leverage its balance sheet to enhance shareholder returns while maintaining significant exposure to innovative private companies like OpenAI and Beast Industries. The company emphasizes its commitment to long-term shareholder value amid ongoing investments in AI and digital identity sectors.

Eightco Holdings' strategic monetization and buyback program is notable amid a Technology sector where only 21 of 150 US stocks traded on Pluang rose today. For readers following this sector, here is Pluang's market snapshot as of Oct 29, 2026 19:13 WIB: Zscaler Inc (ZS) traded at USD 236.40 with a 7.58% decline and 86% buy order activity, Nebius Group NV (NBIS) at USD 169.30 down 7.15% with 67% buy orders, and Okta, Inc. (OKTA) at USD 206.95 down 7.06% with 100% buy orders. Typical hold times range from 26 to 45 days.

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