NewsDialy
Eightco's $340M Treasury: A Big Bet on OpenAI and Proof-of-Human Tech Good morning.
Here is one to wake up with: a small Nasdaq-listed company called Eightco Holdings (ticker: ORBS) just gave us a look inside its piggy bank, and the numbers tell a story about where the internet is heading.
As of mid-May, Eightco is sitting on about $340 million in total assets. There is $90 million tied to OpenAI shares, held indirectly through what is called an SPV.
Think of an SPV, or special purpose vehicle, as a side pocket fund that lets investors buy into private companies they normally could not touch.
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