Galaxy Digital Inc. Purchases New Stake in Eightco Holdings Inc. $OCTO

Galaxy Digital Inc. acquired a new position in shares of Eightco Holdings Inc. (NASDAQ:OCTO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,793,028 shares of the company’s stock, valued at approximately $2,638,000. Eightco accounts for 0.2% of Galaxy Digital Inc.’s investment portfolio, making the stock its 21st biggest holding. Galaxy Digital Inc. owned 124.57% of Eightco at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new position in shares of Eightco in the 3rd quarter valued at approximately $291,148,000. Pantera Capital Partners LP acquired a new stake in shares of Eightco during the 3rd quarter worth approximately $280,733,000. BlackRock Inc. acquired a new stake in shares of Eightco during the 2nd quarter worth approximately $3,967,000. PEAK6 LLC bought a new position in Eightco in the second quarter valued at approximately $603,000. Finally, Polar Asset Management Partners Inc. bought a new position in Eightco in the third quarter valued at approximately $13,211,000. 12.85% of the stock is currently owned by institutional investors and hedge funds.

Eightco Stock Up 6.5%

Shares of OCTO opened at $0.88 on Tuesday. The firm has a 50 day simple moving average of $0.73 and a two-hundred day simple moving average of $0.90. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.30 and a quick ratio of 0.09. Eightco Holdings Inc. has a one year low of $0.98 and a one year high of $83.12. The company has a market cap of $2.68 million, a P/E ratio of -0.29 and a beta of 0.84.

Eightco Company Profile

Eightco Holdings Inc provides inventory management and corrugated custom packaging solutions in North America and Europe. It manufactures and sells custom packaging solutions for a various product; and provides and resells bitcoin mining equipment and co-location services. The company was formerly known as Cryptyde, Inc and changed its name to Eightco Holdings Inc in April 2023. Eightco Holdings Inc was incorporated in 1966 and is headquartered in Easton, Pennsylvania.