- On October 29, Eightco Holdings announced it repurchased more than 55 million shares, representing 12.98% of shares outstanding, under its $125 million buyback program.
- The company also sold a portion of its indirect OpenAI investment on October 26 at roughly 40% above its purchase price, with proceeds intended for additional share repurchases.
- These strategic capital allocation moves are identified as the primary drivers of today's 10.59% stock gain.