Eightco (ORBS) said Friday that it would invest an additional $40 million in Microsoft-backed (MSFT) OpenAI.
The investment, which follows its previous $50 million, brings its total commitment to the ChatGPT maker to $90 million, the company said.
The company said OpenAI now represents 30% of its total treasury position.
Shares of the company were up 2% in recent Friday premarket activity.