Stock Track | Eightco Holdings (ORBS) Soars 5.80% on Robust Worldcoin Holdings and Strategic Partnerships

Stock Track11-19

Eightco Holdings Inc. (NASDAQ: ORBS) saw its stock price soar 5.80% in Tuesday's pre-market trading following the release of its monthly Chairman's Message, which revealed significant cryptocurrency holdings and strategic partnerships in the authentication sector.

The company announced that it currently holds 272,253,898 WLD tokens, representing over 10% of the current WLD supply in circulation. Additionally, Eightco reported holdings of 11,068 ETH and unencumbered cash and stablecoins totaling $58.2 million. This substantial crypto treasury, particularly the large WLD position, appears to have boosted investor confidence in the company's financial strength and market position.

Further fueling the stock's rise, Eightco unveiled its new product, Infinity by ORBS, which aims to provide enterprise-grade authentication solutions. The company has already secured key partnerships with industry giants such as Coinbase and Kraken, signaling strong potential for growth in the authentication market. Dan Ives, Chairman of Eightco, emphasized the growing demand for reliable human-verification solutions across various sectors, including finance, advertising, gaming, and government services. This strategic positioning in the rapidly evolving AI and digital identity landscape seems to have resonated positively with investors, contributing to the stock's upward movement.

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