Key Takeaways
- Eightco Holdings (ORBS) unveiled treasury assets totaling roughly $406 million in its June 10, 2026 disclosure
- A $90 million indirect position in OpenAI through special purpose vehicles accounts for 22% of the company’s treasury
- Additional assets include $18M in Beast Industries, 283.45M Worldcoin tokens, 16,278 Ethereum, and approximately $142M in cash and stablecoins
- The announcement comes after OpenAI submitted a confidential S-1 registration, indicating an IPO may be imminent
- ORBS shares are currently trading at $15.64, representing a 90% decline from the 52-week peak of $161 and a 42% year-to-date drop
On June 10, Eightco Holdings (ORBS) provided a comprehensive breakdown of its treasury holdings, revealing total assets of approximately $406 million. This figure marks a decrease from the $437 million valuation the firm announced just seven days earlier, attributed to volatility in its digital currency holdings.
Shares are currently priced at $15.64. This represents a dramatic decline — ORBS reached a 52-week peak of $161, translating to approximately a 90% drop from that high watermark. For the year, the stock has fallen 42%, with a 59% decline over the past half-year.
The $406 million asset base encompasses cryptocurrency, private investments, and liquid capital. The most significant element is a $90 million indirect position in OpenAI, structured through special purpose vehicles. This allocation constitutes roughly 22% of Eightco’s entire treasury.
Board member Tom Lee articulated the strategic importance: “A future OpenAI IPO will allow public investors to own a direct stake in one of the most important companies driving the AI transformation. ORBS, through its current holdings of indirect interests in the equity of OpenAI, enables investors exposure to OpenAI prior to any public offering.”
The timing of this statement carries significance. OpenAI revealed on Sunday that it had confidentially filed an S-1 registration — marking the initial formal move toward becoming a publicly traded entity.
Additional Treasury Components
Aside from OpenAI, Eightco maintains an $18 million position in Beast Industries, the digital media powerhouse boasting more than 500 million combined followers across social platforms. This investment represents 4% of overall treasury holdings.
The firm also maintains a $1 million allocation in Mythical Games, 283.45 million Worldcoin (WLD) tokens priced at $0.45 per unit, and 16,278 Ethereum tokens. Completing the portfolio is approximately $142 million in cash reserves and stablecoins.
The Worldcoin holding carries particular significance: 283 million tokens equals roughly 8.4% of WLD’s entire circulating supply.
Bitmine Partnership Details
Eightco’s operations extend beyond standalone activities. Bitmine Immersion Technologies (BMNR) counts among its institutional supporters — and this relationship is reciprocal. Bitmine independently reported an $88 million investment in Eightco within its own $9.6 billion portfolio of cryptocurrency and cash reserves disclosed on June 7.
Bitmine additionally maintains 5,543,872 Ethereum tokens and a $180 million position in Beast Industries, demonstrating significant portfolio overlap between the two entities.
Kevin O’Donnell leads Eightco as CEO. The board features Tom Lee from Fundstrat and Brett Winton, chief futurist at ARK Invest.
The treasury valuation decreased from $437M to $406M within a one-week period, reflecting a $31 million contraction caused by cryptocurrency market volatility. Bitcoin and Ether both experienced recent price declines, with Bitcoin temporarily touching its lowest point since October 2024.
As of the June 10 disclosure, ORBS maintains 283.45 million Worldcoin tokens and 16,278 ETH as its most substantial cryptocurrency holdings measured by token quantity.
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