Eightco Holdings (ORBS) Tumbles 8% on Profit-Taking

Group 1 - Eightco Holdings Inc. (NASDAQ:ORBS) experienced an 8.17% decline on Tuesday, closing at $1.6850 per share due to profit-taking after a previous surge linked to a $125 million share buyback plan [1][3] - The company announced that the buyback reflects confidence in its strategy and aims to enhance shareholder value [2][3] - CEO Kevin O'Donnell emphasized the board's decision to authorize the share repurchase program as a strong message of confidence in the company's long-term opportunities and execution [3][4] Group 2 - Eightco Holdings is focused on Worldcoin and is also investing in Ethereum tokens, indicating a strategic direction in the cryptocurrency space [4] - In September, the company secured a $20 million investment from BitMine Immersion Technologies, an Ethereum-focused treasury firm, which supports its growth strategy [5]