Key Highlights
- 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 comprises 22% of the company’s treasury
- Additional assets feature $18M in Beast Industries, 283.5M Worldcoin tokens, 16,278 Ethereum, and approximately $142M in cash and stablecoins
- The announcement arrives as OpenAI submits confidential S-1 paperwork, paving the way for a public market debut
- ORBS shares currently trade at $15.64, representing a 90% decline from the 52-week peak of $161 and a 42% drop year-to-date
Eightco Holdings (ORBS) released comprehensive details of its treasury composition on June 10, revealing total holdings valued at approximately $406 million. This figure marks a decrease from the $437 million the firm disclosed merely seven days earlier, attributed to volatility in its digital currency positions.
Shares are currently valued at $15.64. This represents a dramatic decline — ORBS reached a 52-week peak of $161, translating to an approximately 90% plunge from that summit. The stock has shed 42% since the start of the year and tumbled 59% across the last six months.
The $406 million asset base encompasses cryptocurrency, private company investments, and liquid capital. The centerpiece is a $90 million indirect holding in OpenAI, maintained through special purpose vehicles. This position accounts for approximately 22% of Eightco’s entire treasury value.
Tom Lee, who sits on the board, made clear the strategic significance: “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.”
His remarks carried particular relevance given OpenAI’s Sunday announcement that it had confidentially filed S-1 documentation — marking the initial official move toward going public.
Additional Portfolio Components
Apart from OpenAI, Eightco maintains $18 million in Beast Industries, the digital media powerhouse commanding more than 500 million combined followers across social platforms. This investment represents 4% of aggregate treasury value.
The firm additionally holds a $1 million position in Mythical Games, 283.45 million Worldcoin (WLD) tokens priced at $0.45 per token, and 16,278 Ethereum. Cash and stablecoins comprise the remaining roughly $142 million.
The Worldcoin holdings warrant particular attention for a specific reason: 283 million tokens constitute approximately 8.4% of WLD’s entire circulating supply.
The Bitmine Relationship
Eightco’s operations are interconnected with other institutional players. Bitmine Immersion Technologies (BMNR) counts among its institutional supporters — a relationship that flows both directions. Bitmine independently reported an $88 million investment in Eightco as component of its own $9.6 billion cryptocurrency and cash portfolio disclosed June 7.
Bitmine separately maintains 5,543,872 Ethereum tokens and a $180 million stake in Beast Industries, creating significant overlap between the two companies’ investment strategies.
Kevin O’Donnell leads Eightco as CEO. Board membership includes Tom Lee from Fundstrat and Brett Winton, who serves as chief futurist at ARK Invest.
Treasury valuation declined from $437M to $406M within a single week, representing a $31 million reduction driven by cryptocurrency market volatility. Both Bitcoin and Ethereum experienced recent price contractions, with Bitcoin touching its lowest point since October 2024 during this period.
As of the June 10 disclosure, ORBS maintains 283.45 million Worldcoin tokens and 16,278 ETH as its two most substantial cryptocurrency holdings by token quantity.
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