Eightco Holdings Inc. (Nasdaq: ORBS) is a speculative company with a history of changing business models. Currently focused on Worldcoin (WLD) and led by Dan Ives, the stock surged from $1.45 to over $80 despite financial concerns. With related-party liabilities and minimal infrastructure, ORBS is a risky play.

Meli’s bullish thesis on ORBS contrasts with a bearish view on Strategy Incorporated (MSTR). Despite MSTR’s stock falling 19% due to leverage and weak fundamentals, the bearish outlook remains. Eightco’s hype-driven surge and questionable financials make it a highly speculative investment with limited real value.

Read more at Yahoo Finance: Eightco Holdings Inc. (ORBS): A Bear Case Theory