Company: ORBS
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023549
Chunk: 13

Company: Eightco Holdings Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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 operated multiple business lines, including:

●Forever
                                            8 Inventory Cash Flow Solutions (“Forever 8”)

●Corrugated
                                            Packaging Business, operated through Ferguson Containers, Inc.

●Web3
                                            operations, including BTC mining hardware sales and NFT development

The
Company has since exited its non-core operations. Forever 8 now represents the Company’s sole operating business.

Forever
8, acquired on October 1, 2022, provides inventory funding and purchasing services to e-commerce retailers and remains the Company’s
core operating platform.

On
April 7, 2025, the Company completed the sale of the assets comprising its Corrugated Packaging Business. All operations related to this
business ceased as of that date. The Company previously completed its wind-down of Web3 and BTC mining hardware sales activities and
does not intend to resume revenue-generating operations in that area.

Adoption
of Digital Asset Treasury Strategy

On
September 8, 2025, the Company’s Board of Directors approved a Digital Asset Treasury (“DAT”) Strategy under which
the Company deploys a portion of its excess liquidity, operating cash flows, and capital from financing activities into digital assets
as part of its long-term capital allocation framework.

Under
this strategy, the Company holds various digital assets, including Worldcoin (WLD and WCWLD), Ethereum (ETH), and USD denominated stablecoins
for treasury, liquidity management, and strategic investment purposes. The Company does not currently generate revenue from its digital
asset holdings. Digital assets are custodied with institutional third-party providers, including Kraken, Coinbase, and FalconX.

The
Company adopted ASU 2023-08 effective January 1, 2025. Eligible digital assets are measured at fair value with changes recognized in
net income.

Corporate
Organization

As
of September 30, 2025, Eightco had the following wholly-owned subsidiaries:

●Forever
                                            8 Fund LLC

●Ferguson
                                            Containers, Inc. (inactive following divestiture)

●BlockHiro,
                                            LLC

●Orb
                                            Subsidiary One, LLC, formed in September 2025

Forever
8’s wholly owned foreign subsidiaries:

●Forever
                                            8 UK, Ltd.

●Forever
                                            8 Fund EU Holdings BV

In
addition, the Company owns 51% of CW Machines, LLC, which continues to be consolidated under the voting interest entity model. Under
that model,