Business UpdateJun 11, 2026, 08:51 AM
Eightco Holdings Reports $406M Holdings; OpenAI Files S-1; CEO Comp Updated
AI Summary
Eightco Holdings Inc. provided an update on its total holdings, which amounted to approximately $406 million as of June 10, 2026. These holdings include significant indirect investments in OpenAI equity, Beast Industries equity, 283 million Worldcoin (WLD) tokens, 16,278 Ethereum (ETH), and $142 million in cash and equivalents. The company highlighted OpenAI's confidential S-1 filing for an initial public offering. Additionally, Eightco entered into an Amended and Restated Compensation Agreement with CEO Kevin O’Donnell, setting his annual base salary at $550,000 and approving a one-time cash bonus of $875,000.
Key Highlights
- Total holdings approximately $406 million as of June 10, 2026.
- Indirect investment of $90 million in OpenAI equity, representing 22% of treasury assets.
- Holds 283 million Worldcoin (WLD) tokens, valued at $0.45 per WLD, 32% of treasury assets.
- Holdings include 16,278 Ethereum (ETH) and $142 million in cash and stablecoins.
- Investment of $18 million in Beast Industries equity, representing 4% of treasury assets.
- OpenAI announced it submitted a confidential S-1, setting up for an initial public offering.
- CEO Kevin O’Donnell's new annual base salary is $550,000 for a three-year term.
- CEO O’Donnell received a one-time cash bonus of $875,000.
Price Impact
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