Eightco Holdings Increases OpenAI Investment to $90 Million
- Eightco Holdings (NASDAQ: ORBS) has increased its investment in OpenAI by $40 million, bringing the total to $90 million.
- This investment represents about 30% of Eightco’s total treasury.
- The company also supports Beast Industries, led by YouTube creator MrBeast.
- OpenAI recently closed a $110 billion funding round, raising its valuation to $730 billion.
- Eightco’s holdings include 277 million WLD tokens and 11,068 ETH.
- ORBS shares fell by 4% to $0.90 intraday and are down approximately 46% year-to-date.
Eightco Holdings has significantly increased its stake in OpenAI, now totaling $90 million. Despite this strategic move, ORBS shares have seen a decline of about 46% year-to-date. The company continues to hold substantial assets in both the Worldcoin ecosystem and Ethereum.
Source (3.2)https://cryptobriefing.com/eightco-openai-investment-reach-90-million/?rand=59535