Eightco sells part of OpenAI stake for $20.0 million and expands share buybacks
Eightco Holdings said its subsidiary sold a portion of its indirect interest in OpenAI Group, PBC on October 26, 2026, for approximately $20.0 million in gross cash proceeds. The company said the sale price was roughly 40% above its initial purchase price, and the Board intends to use the proceeds for additional share repurchases. Eightco has repurchased more than 55 million shares under its $125 million program, or 12.98% of shares outstanding since August, and reports total treasury holdings of approximately $399 million, with treasury figures held at cost.
Key points
- October 26, 2026: sold a portion of the indirect OpenAI interest for approximately $20.0 million in gross cash proceeds
- Sale price was roughly 40% above the company's initial purchase price
- More than 55 million shares repurchased under the $125 million program; 12.98% of shares outstanding repurchased since August
- Treasury composition as of October 28, 2026: approximately $399 million total, including $132 million in cash and equivalents
The filing
Written by AI on Nov 9, 2026, 11:44 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 29, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.