TLDR ORBS stock jumps 21% after Eightco expands its major share buyback program. Eightco reports about $380 million across crypto, cash and private tech stakes. Worldcoin remains a major trea
Eightco Holdings (ORBS) shares surged 21.18% to $1.0150 after the company released a fresh treasury and share buyback update. The stock extended its intraday rally toward the session high near $1.04, marking a sharp market response. The update showed $380 million in holdings and more than 25 million shares repurchased during the past month.
Eightco said it repurchased more than 25 million common shares during the past month. The purchases fall under its previously announced $125 million share repurchase program. The company presented the buyback alongside an updated breakdown of its treasury assets and strategic private investments.
As of September 2, Eightco reported total holdings of about $380 million across several asset categories. Cash and stablecoins accounted for about $122 million of that total. The portfolio also included digital assets and stakes in several private technology companies.
Eightco built its treasury around artificial intelligence, digital identity, and the creator economy. The company uses OpenAI, Worldcoin, and Beast Industries as its main exposures to those themes. Therefore, the latest update connected the share repurchases with the company’s broader treasury structure.
Eightco held 301,971,219 Worldcoin tokens as of September 2. The company valued the WLD position at $0.37 per token for its latest treasury calculation. That holding represented about 29% of Eightco’s reported treasury assets.
The company said its WLD position equals about 8.3% of circulating supply. Eightco described the stake as its largest publicly disclosed institutional Worldcoin position. The exposure links its treasury strategy with digital identity infrastructure and World network growth.
World expanded its identity technology through the open-source release of ProveKit on September 2. The toolkit supports zero-knowledge identity proofs and already powers privacy features within World ID. Eightco highlighted that development as relevant to its digital identity exposure and long-term treasury theme.
Eightco also reported holdings of 16,278 Ethereum tokens in its latest treasury update. The company did not assign a separate portfolio percentage to the ETH position. However, Ethereum remains one of the major digital assets inside its treasury mix.
Beyond crypto, Eightco reported a $90 million indirect investment in OpenAI through special purpose vehicles. It also listed an $18 million funded investment in Beast Industries. A separate $1 million position gave the company exposure to Mythical Games and the gaming sector.
OpenAI exposure represented about 24% of treasury assets, while Beast Industries represented about 5%. Meanwhile, the company maintains significant liquid reserves through its cash and stablecoin position. The combined portfolio gives ORBS exposure to private technology companies, digital assets, and liquid holdings.
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