Eightco Holdings announces $125 million share buyback program
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 31 2022
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Should l Buy ORBS?
Source: globenewswire
Eightco Holdings Inc's stock surged by 26.37% in pre-market trading, crossing above the 20-day SMA, reflecting strong investor interest.
This price movement is attributed to the company's announcement of a share buyback program of up to $125 million, aimed at enhancing shareholder value and boosting market confidence. The management's strong belief in the company's future growth potential is evident, especially as they prepare to showcase their innovations at CES in Las Vegas, which could attract new investors and strengthen partnerships.
The implications of this buyback program suggest a commitment to returning value to shareholders, while also positioning Eightco favorably in the competitive digital asset market, particularly as they advance their strategic initiatives in AI and digital identity.
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Analyst Views on ORBS
About ORBS
Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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See More
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- Future Revenue Expectations: The MAVAN staking solution is expected to launch in Q1 2026, with an annual yield of 2.89%, which will further enhance its competitiveness and profitability in the ETH staking market.
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See More
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- Investment and Growth Strategy: Bitmine recently invested $200 million in Beast Industries, further solidifying its position in the cryptocurrency sector, while its total assets reach $9.6 billion, indicating an active approach to diversified investments.
- Strong Market Performance: Bitmine's stock trades with an average daily volume of $900 million in the U.S., ranking 158th, which highlights its liquidity and investor interest, thereby enhancing its competitive edge in the market.
- Optimistic Future Outlook: The company plans to launch the MAVAN staking solution in Q1 2026, expected to generate $252 million annually from its ETH assets, reflecting Bitmine's firm belief in the future growth potential of Ethereum.
See More
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- Strategic Investment Moves: Bitmine recently closed a $200 million investment in Beast Industries, indicating its proactive strategy in diversifying its investment portfolio aimed at enhancing overall asset value through emerging market growth opportunities.
- Active Market Trading: Bitmine's stock trades at an average daily volume of $0.9 billion in the US, ranking 158th, reflecting its popularity among investors and attracting attention from notable institutional investors, including ARK's Cathie Wood.
See More
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- Ongoing Investment Strategy: Bitmine acquired 45,759 ETH in the past week, indicating the company's confidence in the long-term value of ETH despite current market downturns, with plans to continue increasing holdings to navigate market fluctuations.
- Liquidity and Trading Volume: Bitmine's stock averages $900 million in daily trading volume in the U.S., ranking 158th, reflecting its popularity among investors and market liquidity, which further enhances its market influence.
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