Eightco Holdings Announces $125 Million Funding Commitment, Led by BitMine

BlockBeats News, March 12th, WLD Treasury company Eightco Holdings Inc. (NASDAQ: ORBS) today announced a $125 million new round of financing commitment, with BitMine leading the way with a $75 million investment, and ARK Invest committing at least $25 million. Global crypto platform Kraken's parent company, Payward, also committed to invest $25 million in ORBS. This funding will support ORBS' expansion into investment business, with a focus on next-generation artificial intelligence, blockchain infrastructure, and global digital consumer platform-related technologies.

ORBS also announced the completion of an initial strategic investment totaling $75 million, including a $50 million investment in OpenAI and a $25 million investment in MrBeast and Beast Industries. These investments make ORBS a central hub of cutting-edge AI technology and content creation, further expanding its portfolio to include equity in global leading innovators. The company continues to hold long-term stakes in Worldcoin co-founded by Sam Altman and Ethereum, showing strong confidence in the ERC-20 protocol.

The company has appointed BitMine Chairman Tom Lee to join the ORBS board of directors. Brett Winton, Chief Futurist at ARK Invest, will serve as an advisory board member of ORBS. Dan Ives will step down as Chairman of the ORBS board.