Eightco Holdings Secures $125 Million Funding Commitment, Bitmine to Lead $75 Million Investment

Odaily News: Nasdaq-listed company Eightco Holdings announced it has secured a new round of funding commitment totaling $125 million. Ethereum treasury company Bitmine will lead the investment with $75 million, ARK Invest has committed to invest at least $25 million, and Payward, the parent company of crypto platform Kraken, has also committed to invest $25 million in ORBS. The new funds will support its business expansion and investments in technologies shaping the next generation of artificial intelligence, blockchain infrastructure, and global digital consumer platforms. The company also stated it will continue to hold Worldcoin, co-founded by Sam Altman, and Ethereum, maintaining a long-term bullish outlook on the ERC-20 protocol. It is reported that Bitmine Chairman Tom Lee will join the board of directors of Eightco Holdings. ARK Invest's Chief Futurist Brett Winton will serve as an advisor to the ORBS board, while Dan Ives will step down from his role as Chairman of ORBS. (PRNewswire)