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Eightco ($ORBS) Announces Share Buyback Program for up to $125 Million
Prnewswire· 2025-12-29 13:30
Core Insights - Eightco Holdings Inc. has announced a share buyback program authorized for up to $125 million, reflecting confidence in its current valuation and future partnerships [1][2] - The company holds over 10% of the current Worldcoin supply in circulation, supported by various strategic and institutional investors [1] - Eightco is focused on building a universal framework for digital identity and authentication, particularly in the context of AI advancements [2][3] Company Overview - Eightco Holdings Inc. (NASDAQ: ORBS) aims to establish the authentication and trust layer for a post-AGI world, focusing on consumer, enterprise, and gaming authentication [3] - The company is leveraging its unique Worldcoin treasury and partnerships with technology innovators to create a foundation for digital identity and Proof of Human (PoH) verification [3] Management Statements - Dan Ives, Chairman of Eightco, emphasized that the buyback program is a strong vote of confidence in the company's strategy and an opportunity to create value for shareholders [2] - CEO Kevin O'Donnell highlighted the disciplined capital allocation and commitment to long-term value creation as key aspects of the company's strategy [2]