Eightco Holdings, listed on the Nasdaq, has sold a portion of its indirect stake in OpenAI. The transaction, completed on October 26, 2026, generated approximately $20 million in gross proceeds. According to the company, this sale price represents a 40% gain over the original investment cost.
The divestment was executed through AI Innovation Capital LLC, a subsidiary of Eightco. Following the sale, the company retains an indirect equity position in OpenAI valued at $76 million. As of October 28, 2026, Eightco reported a total treasury balance of approximately $399 million.
The proceeds from the sale are earmarked to fund the company's existing share buyback program, which has a total cap of $125 million. This program, initiated in August 2026, has already resulted in the repurchase of more than 55 million shares, accounting for 12.98% of the company's outstanding stock.
Management stated that the transaction serves to highlight unrealized gains within its portfolio that are not fully reflected in current financial reports. The company intends to utilize the additional liquidity to accelerate buybacks, particularly when its stock trades at a discount relative to its net asset value.
Eightco maintains significant holdings in digital assets, including 16,278 ETH and approximately 302 million WLD tokens. The company noted that its net asset value remains closely linked to the market performance of these digital assets.
