Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 97

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 97
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Unless
otherwise indicated, the terms “we,” “us,” “our,” “Eightco,” and the “Company”
refer to Eightco Holdings Inc. together with its consolidated subsidiaries. The following discussion and analysis of our financial condition
and results of operations should be read in conjunction with the condensed consolidated financial statements and related notes included
elsewhere in this Quarterly Report on Form 10-Q.

This
section contains forward-looking statements within the meaning of the federal securities laws, including statements regarding our strategy,
plans, future financial performance, liquidity, and capital allocation framework. These statements involve risks, uncertainties, and
assumptions that could cause actual results to differ materially from those expressed or implied in the forward-looking statements. Important
factors that could cause such differences are discussed under the section titled “Cautionary Note Regarding Forward-Looking Statements”
in this Quarterly Report, as well as under “Risk Factors” in this Quarterly Report and in our most recent Annual Report on
Form 10-K. We undertake no obligation to update any forward-looking statements except as required by law.

Overview

During
the quarter ended September 30, 2025, we adopted a new Digital Asset Treasury (“DAT”) Strategy, significantly increased our
holdings of digital assets, and completed substantial capital-raising activities to support these initiatives. These actions represent
material changes to our capital allocation strategy, financial condition, risk profile, and long-term operating model, and therefore
require expanded disclosure in this Management’s Discussion and Analysis.

We
continue to operate Forever 8, our inventory funding business that provides inventory purchasing and financing solutions to e-commerce
retailers. At the same time, we completed the wind-down of our prior Web3 operations and Bitcoin mining hardware sales, and on April
7, 2025, we sold the assets associated with our Packaging Business. Forever 8 now represents our sole operating business.

30

Adoption
of Digital Asset Treasury (“DAT”) Strategy

Strategy
Overview

On
September 8, 2025, our Board of Directors approved the adoption of a Digital Asset Treasury Strategy under which Eightco holds digital
assets, primarily Worldcoin (WLD and WCWLD), as part of a long-term treasury reserve framework. Under this policy, we may allocate excess
liquidity, operating cash flows, and proceeds from financing transactions to the acquisition of digital assets.

This
strategy reflects a dual-pillar model combining (i) the operating performance of Forever 8, and (ii) long