ORBS
Eightco Holdings Inc.Technology·Technology Distributors
$0.93
$183M market cap
Revenue
$17.8M
Free Cash Flow
$-14.4M
Rev Growth
+0.0%
FCF Margin
-81.0%
P/FCF
--
EV/FCF
--
Fwd EV/EBITDA
--
Fair Value
--
Upside
--
Eightco Holdings Inc. provides inventory management and corrugated custom packaging solutions in North America and Europe. Recently, the company shifted its focus towards implementing the Worldcoin treasury strategy, aiming to advance the AI revolution by building technology infrastructure for authentication, verification, and Proof of Human (PoH) identification.
2-Year Price History
$0.94-35.2%
Quarterly Financials & Projections
Quarterly Waterfall ($ M)
| Period | Rev | EBITDA | OpIn | NI | OCF | FCF | CapEx | Cash | Debt | Shares | ROIC | IntCov | EV/EBITDA | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Act | 2026-Q1 | 7.6 | -10.5 | -10.5 | -76.1 | -4.7 | -4.7 | -0.0 | 40.1 | 8.7 | 240.6 | -24.3% | -38.0x | -- |
| Act | 2025-Q4 | 10.2 | -248.6 | -14.5 | -232.5 | -9.7 | -9.7 | -0.0 | 58.5 | 8.2 | 205.6 | -69.5% | -589.5x | -- |
Valuation & Metrics
Market Stats
Price$0.93
Market Cap$183M
Enterprise Value$152M
P/S Ratio10.3x
P/FCF--
EV/FCF--
FCF Margin (TTM)-81.0%
FCF Yield-7.9%
Dividend Yield (TTM)--
Annual Dilution0.0%
CurrencyUSD
TTM Financial Snapshot
Revenue$17.8M
Net Income$-308.6M
Free Cash Flow$-14.4M
Revenue Growth (YoY)+0.0%
EBITDA Margin-1459.8%
Net Margin-1738.5%
FCF Margin-81.0%
CapEx % of Revenue0.0%
SBC % of Revenue29.0%
ROIC-46.9%
WC Change % Rev2.6%
Interest Coverage-371.0x
Forward Outlook & Risk
Short Interest
Short % of Float--
Short Shares18.1M
Days to Cover1.0
Change (vs Prior)+46.9%
Need at least 2 settlement dates for chart
Employees
Headcount23
Revenue / Employee$771,736
Gross Profit / Employee$-48,396
Cash Runway
33.4months
WATCH
Institutional Ownership
Headline & net flow
NEUTRAL
Net flow · —still filing
No float data — flow unavailable.
Ownership composition
Active
42.1%(+42.0% YoY)
104 filers
hedge / family / endowment
Retail funds
—
Fidelity, Schwab, 401(k)
Passive
4.7%(+4.7% YoY)
11 filers
Vanguard, iShares, SPDR
Market makers
2.0%(+2.0% YoY)
6 filers
Citadel, Susquehanna
Insiders
—
Form 4 — latest per insider
ActiveRetail fundsPassiveMarket makersRetail direct
Top holders
| Fund | $ value | Cost basis | Δ QoQ | Δ YoY | α life | Fund AUM |
|---|---|---|---|---|---|---|
| MOZAYYX MANAGEMENT LLC | $15.3M | $1.73 | +$0 | +$15.3M | -20.1% | $98.6M |
| CoinFund Management LLC | $15.2M | $1.73 | −$757K | +$15.2M | -12.9% | $34.1M |
| Alyeska Investment Group, L.P. | $15.0M | $1.54 | +$3.6M | +$15.0M | -0.5% | $35.33B |
| Pantera Capital Partners LP | $10.4M | $9.15 | −$434K | +$10.4M | -19.4% | $158M |
| UBS Group AG | $2.7M | $2.80 | +$223K | +$2.7M | -0.3% | $562.11B |
| BlackRock, Inc.Passive | $2.6M | $1.11 | +$2.4M | +$2.6M | -0.2% | $5.69T |
| JANE STREET GROUP, LLCMM | $2.4M | $1.14 | +$2.1M | +$2.4M | -0.1% | $92.10B |
| JPMORGAN CHASE & CO | $2.3M | $1.74 | −$68K | +$2.3M | -0.2% | $1.47T |
| MILLENNIUM MANAGEMENT LLC | $2.0M | $0.99 | +$1.8M | +$2.0M | -0.5% | $127.40B |
| MMCAP International Inc. SPC | $1.9M | $0.93 | +$1.9M | +$1.9M | -3.5% | $1.16B |
| Oasis Management Co Ltd. | $1.9M | $0.93 | +$1.9M | +$1.9M | -3.1% | $729M |
| GEODE CAPITAL MANAGEMENT, LLCPassive | $1.8M | $2.27 | +$162K | +$1.8M | +2.3% | $1.61T |
| AQR CAPITAL MANAGEMENT LLC | $1.8M | $0.93 | +$1.8M | +$1.8M | -0.2% | $218.19B |
| VANGUARD CAPITAL MANAGEMENT LLCPassive | $1.7M | $0.93 | +$1.7M | +$1.7M | — | $4.04T |
| MARSHALL WACE, LLP | $1.1M | $0.98 | +$1.1M | +$1.1M | +0.6% | $92.71B |
| MORGAN STANLEY | $1.1M | $1.64 | +$832K | +$1.1M | -0.3% | $1.65T |
| SUSQUEHANNA INTERNATIONAL GROUP, LLPMM | $885K | $1.06 | +$744K | +$885K | -0.6% | $77.14B |
| VANGUARD FIDUCIARY TRUST COPassive | $827K | $0.93 | +$827K | +$827K | — | $395.83B |
| STATE STREET CORPPassive | $800K | $1.54 | +$190K | +$800K | -0.2% | $2.89T |
| RENAISSANCE TECHNOLOGIES LLC | $565K | $1.73 | −$40K | +$565K | +1.2% | $63.91B |
Cost basis is a volume-weighted estimate from accumulation periods within our 13F history; holders who built their position before our window started will show a stale basis. % above the cost basis is the unrealized gain at the current price.
Trading behavior
Smart-money alpha (lifetime, %/qtr)BULLISH
Holders
-14.66%
avg per quarter
Holders (ex-self)
-9.52%
excl. this stock
Buyers (this Q)
-1.25%
86 buyers · $0.02B in
Sellers (this Q)
-23.58%
11 sellers · $0.03B out
alpha coverage: 97% of $ has a lifetime-alpha record
Holder behavior on this stocksource: stock
On big dips (−10%+)
+3.7%
how holders react when this stock falls
On quiet Qs
+1.0%
−10% to +10% baseline
On rallies (+10%+)
-10.3%
how they react when this stock rises
Holders' portfolio flow this Q
-0.4%
outflows — trims may be forced
Sellers' portfolio flow this Q
-9.1%
Sellers shed AUM broadly — partly forced.
▸ Compare to holder-profile behavior (across all their stocks)
Holder dip (any stock)
-8.4%
Holder mid (any stock)
+1.0%
Holder rally (any stock)
-10.3%
Biggest decreases this quarter
DISCOVERY CAPITAL MANAGEMENT, LLC / CTexited−$25.7MAnson Funds Management LPexited−$14.2MOccam Crest Management LPexited−$3.1MCoinFund Management LLC−$757Kα-12.9Squarepoint Ops LLCexited−$662KPantera Capital Partners LP−$434Kα-19.4Quadrature Capital Ltdexited−$196KCHARLES SCHWAB INVESTMENT MANAGEMENT INCexited−$170KEngineers Gate Manager LPexited−$164KAristides Capital LLCexited−$136K
New buyers this quarter
MMCAP International Inc. SPC+$0.00Bα-3.5Oasis Management Co Ltd.+$0.00Bα-3.1AQR CAPITAL MANAGEMENT LLC+$0.00Bα-0.2VANGUARD CAPITAL MANAGEMENT LLC+$0.00BVANGUARD FIDUCIARY TRUST CO+$0.00BCresset Asset Management, LLC+$0.00Bα-0.0WEDBUSH SECURITIES INC+$0.00Bα-0.4Brevan Howard Capital Management LP+$0.00Bα-0.9
Top-5 holders · 66.0%
MOZAYYX MANAGEMENT LLC--
CoinFund Management LLC--
Alyeska Investment Group, L.P.--
Pantera Capital Partners LP--
UBS Group AG--
Top Holders Over Time
5-year share-count history (top 10 holders by peak, incl. exited) + price
hover the chart for per-quarter detailprice (right axis)
DISCOVERY CAPITAL MANAGEMENT, LLC / CT—Pantera Capital Partners LP11.2MAnson Funds Management LP—CoinFund Management LLC16.3MMOZAYYX MANAGEMENT LLC16.4MOccam Crest Management LP—Alyeska Investment Group, L.P.16.1MJPMORGAN CHASE & CO2.6MUBS Group AG2.9MMILLENNIUM MANAGEMENT LLC2.1M
Corporate
Insider Trading (last 12mo)
Open-market only (Form 4 P-Purchase + S-Sale). Excludes grants, option exercises, tax withholding, gifts.
Major holders (≥10% beneficial owners)
Buys ($, 12mo)
$77.04M
1 txn · 1 insider · 86,956,513 sh
Sells ($, 12mo)
$0
0 txns · 0 insiders · 0 sh
Recent transactions
| Date | Side | Insider | Title | Shares | Price | Dollars | Owned $ |
|---|---|---|---|---|---|---|---|
| 2026-03-12 | BUY | BITMINE IMMERSION TECHNOLOGIES, INC. | 10 percent owner | 86,956,513 | $0.89 | $77.04M | $89.18M |
Order Flow (FINRA, ~3w lag)
53.5%retail+3.9pp
10.3%dark-1.5pp
week of 2026-04-13
Off-exchange volume from FINRA. Retail = non-ATS (wholesaler PFOF + broker internalization). Dark = ATS (dark-pool crossing networks, institutional). Lit-exchange = remainder.
Filing Risk Analysis
Filing Risk Scores
Eightco Holdings: A Failing Logistics Core Masked by Aggressive Dilution and Crypto Speculation
Overall Risk
9/10
Fraud
6/10
Dilution
10/10
Insolvency
3/10
Earnings Overstated
7/10
Hidden Liabilities
5/10
Legal
6/10
Audit Warnings
5/10
Hidden Upside
3/10
Contextually Acceptable
2/10