Eightco repurchased 25M shares under $125M program in past month
Execution update: Over 25 million shares acquired under previously announced authorization, management views buybacks as accretive use of capital
What the filing says
Eightco Holdings Inc. (NASDAQ: ORBS) reported that it has repurchased over 25 million shares of common stock over the past month under its previously announced $125 million share repurchase program. The filing, issued September 3, 2026, indicates this execution represents management's strategic capital allocation decision, with Tom Lee, Board Member of ORBS, stating that "Eightco executed additional share buybacks as the Company has judged that accretively acquiring shares is a high return use of capital."
The press release does not disclose the average price paid per share or the exact number of shares repurchased during the period covered by this filing. The company's treasury as of September 2, 2026, totaled approximately $380 million, including $90 million in indirect OpenAI equity, $18 million in Beast Industries equity, approximately 302 million WLD tokens, 16,278 ETH, and $122 million in cash and stablecoins.
The repurchases are characterized as part of Eightco's capital deployment strategy amid what management describes as recent AI stock pressure. The filing does not specify whether the repurchases were executed under Rule 10b-18 open-market purchases or another mechanism, nor does it disclose the remaining authorization amount under the $125 million program.
Over the past month, Eightco has repurchased over 25 million shares of its common stock under its previously announced $125 million share repurchase program. — Eightco Holdings Inc. 8-K filing · View on SEC EDGAR →
What this means
Eightco's disclosure of 25+ million shares repurchased in the prior month represents an execution update under an existing $125 million authorization. The filing does not provide the average purchase price, so the dollar amount of this specific repurchase cannot be calculated from the text. The company frames the buyback as accretive capital deployment, responding to what management views as temporary stock price pressure in the AI sector. The impact on share count will depend on the precise number of shares retired and timing, but over 25 million shares represents a material reduction in shares outstanding for a company at Eightco's market capitalization.
Frequently asked questions
- How many shares has Eightco repurchased under this program?
- According to this filing dated September 3, 2026, Eightco repurchased over 25 million shares in the past month under its previously announced $125 million program. The filing does not disclose the cumulative total repurchased since the program's inception or the remaining authorization balance.
- What was the average price Eightco paid per share?
- The filing does not disclose the average price paid per share during the repurchase period. This information is not disclosed in the press release or accompanying exhibits.
- Why is Eightco buying back its own shares?
- Management stated that 'Eightco executed additional share buybacks as the Company has judged that accretively acquiring shares is a high return use of capital.' Board member Tom Lee noted this occurred amid temporary AI stock sector pressure, suggesting the company views current valuations as attractive for capital deployment.
- Is there a remaining balance on the $125 million authorization?
- The filing does not disclose how much of the $125 million authorization remains available for future repurchases. The company only reports that over 25 million shares were repurchased in the past month under the program.
- How does this buyback compare to Eightco's treasury size?
- Eightco's total treasury holdings as of September 2, 2026, stood at approximately $380 million. The $125 million repurchase program represents roughly 33% of that treasury value, indicating a significant capital allocation toward share reduction relative to the company's asset base.
- What mechanism does Eightco use to execute repurchases?
- The filing does not specify whether Eightco uses Rule 10b-18 open-market purchases, an accelerated share repurchase (ASR) agreement, a 10b5-1 trading plan, or another mechanism to execute the buyback. This operational detail is not disclosed in this press release.