Eightco Holdings sells part of OpenAI stake at 40% gain to fund buybacks

The Nasdaq-listed company has repurchased more than 55 million shares and plans to use about $20 million in OpenAI sale proceeds for more Eightco Holdings has cashed in part of its OpenAI bet, and the money is going straight back into its own stock. The company (NASDAQ: ORBS) announced on October 29, 2026 that it sold a portion of its indirect OpenAI stake for approximately $20 million in gross proceeds. The sale price was approximately 40% above what Eightco originally paid. The details of the OpenAI sale The sale closed on October 26. It ran through AI Innovation Capital LLC, an Eightco subsidiary that holds the company’s exposure to the AI developer. Eightco says the proceeds will support more repurchases under its existing $125 million share buyback program. The program launched in August 2026. As of the announcement, Eightco had bought back more than 55 million shares, which equals 12.98% of its outstanding shares since the program began. Eightco has not cleared out its OpenAI position. After the sale, the company still holds $76 million in remaining indirect equity in OpenAI. What sits in the Eightco treasury As of October 28, 2026, Eightco reported a treasury of approximatel...