Eightco Shares Rise After Buyback Plan of Up to $125 Million
By Chris Wack
Eightco Holdings shares were 49% higher, at $2.48, after the company said its board of directors approved the authorization of a share-buyback program for up to $125 million.
"Management and the board believe that based on Eightco's current valuation and its pipeline for additional partnerships, the public stock is becoming an increasingly attractive investment," said Dan Ives, chairman of Eightco, on Monday.
Eightco said it currently holds more than 10% of the cryptocurrency Worldcoin supply in circulation.
The Easton, Pa., company is supported by a group of strategic and institutional investors including BitMine, Mozayyx, World Foundation, Wedbush, Coinfund, Discovery Capital Management, FalconX, Kraken, Pantera and Brevan Howard.
In the past 12 months, Eightco shares have traded as high as $83.12, and as low as 98 cents a share.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
December 29, 2025 10:14 ET (15:14 GMT)
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