Eightco Holdings (ORBS), a Nasdaq-listed firm backed by Bitmine Chairman Tom Lee, has committed an additional $40 million to OpenAI, bringing its total stake to $90 million. The investment now represents about 30% of Eightco’s treasury.
CEO Kevin O’Donnell called the move a "transformative opportunity," giving retail investors access to one of the most influential AI companies. OpenAI recently raised $110 billion in private funding, reaching a $730 billion valuation, with Amazon and NVIDIA among investors.
The company surpassed $20 billion in annual revenue as of January 2026, more than tripling its 2024 figure.
Eightco also announced board-level appointments: Tom Lee will join the board, and Brett Winton, ARK Invest's chief futurist, is joining as an advisor. Beyond OpenAI, Eightco holds 277 million WLD tokens, 11,068 ETH, and $76 million in cash and stablecoins-making it the largest publicly traded holder in the Worldcoin ecosystem.
Despite increased trading volume, ORBS shares fell 4% to $0.90 intraday and are down 46% year-to-date.
OpenAI is preparing for a potential IPO in Q4, focusing on enterprise adoption of ChatGPT. At a recent meeting, Applications CEO Fidji Simo said the company is "orienting aggressively" toward business use, aiming to convert 900 million weekly users into high-compute clients. It plans $600 billion in compute spending by 2030, targeting over $280 billion in revenue.