Eightco shares jump 25% after $125 million raise backed by Bitmine, ARK and Payward

Eightco Holdings (NASDAQ: ORBS) experienced a 25% increase in its share price, reaching $1.02 in early trading, after announcing $125 million in new funding commitments. BitMine Immersion Technologies will lead the funding with $75 million, while ARK Invest and Payward (Kraken’s parent company) each committed at least $25 million. This capital will fuel Eightco’s investments in artificial intelligence, blockchain, crypto infrastructure, and digital consumer platforms. The company has already invested $50 million in OpenAI and $25 million in Beast Industries (MrBeast’s company), and recently saw a $200 million investment from BitMine into Beast Industries. Beast Industries is also expanding into financial services, acquiring the youth finance app Step. Eightco continues to hold digital assets like Ethereum and Worldcoin, capitalizing on the convergence of AI, blockchain, and creator platforms. Tom Lee of BitMine will join Eightco’s board, and Brett Winton of ARK Invest will serve as an advisor.

(Source：The Block)