Eightco reports $326 million in holdings with major Worldcoin position
Eightco Holdings Inc. (NASDAQ: ORBS) reported total holdings of approximately $326 million as of March 30, according to a company statement. The holdings include 277,222,975 Worldcoin tokens valued at $0.28 each, 11,068 Ethereum tokens, $109 million in cash and stablecoins, a $90 million investment in OpenAI, and a $25 million investment in Beast Industries.
The company holds nearly 9% of all Worldcoin supply currently in circulation. OpenAI represents approximately 30% of ORBS' total treasury position, the company stated.
"At ORBS, our strategy is centered on providing public market investors with exposure to some of the most important private companies shaping the future of technology," said Kevin O'Donnell, Chief Executive Officer of Eightco.
The company previously announced $130 million in new funding commitments, led by an $80 million investment from Bitmine Immersion Technologies, Inc. (NYSE: BMNR). ARK Invest and Payward, the parent company of Kraken, each committed $25 million to the funding round.
"ORBS is building a public market on-ramp to the companies driving the AI era," said Brett Winton, Chief Futurist at ARK Invest and Board Advisor to ORBS.
The company's investor base includes Bitmine Immersion Technologies, MOZAYYX, ARK Invest, Payward, World Foundation, Coinfund, Discovery Capital Management, FalconX, Pantera, and GSR, according to the statement.
Eightco Holdings focuses on investments in artificial intelligence, blockchain infrastructure, and consumer platforms. The company is based in Easton, Pennsylvania.
