Key insights
- The article discusses Eightco (ORBS), a publicly traded company with significant investments in OpenAI equity and Worldcoin (WLD). The author suggests ORBS's valuation is tied to Sam Altman's ecosystem. The key takeaway is the potential for unrealized gains on ORBS's OpenAI investment, acquired before the recent surge in OpenAI's valuation. This could positively influence ORBS's stock price and indirectly impact investor sentiment towards AI-related equities.
OpenAI just got pegged at $852b after that record $122B Series C. I’ve been looking at Eightco ($ORBS) because they’ve basically turned themselves into a public "Sam Altman index fund" for retail.
They have a $90m investment in OpenAI, but they also own nearly 9% of WLD coin, about 277 million tokens. Between that, the OpenAI equity, and 11k ETH, their treasury is basically a bet on Altman’s entire ecosystem.
The timing on the OpenAI buy is what I’m trying to figure out tho. They locked in the first $50M before this $852B valuation was even a headline. If they got in at the "old" $80B or $100B private valuation, they may be up big in a way that hasn’t been disclosed yet.