Eightco Holdings raised $125 million in fresh capital to expand its investments in blockchain and artificial intelligence, sending its shares higher in early trading. The funding round was led by crypto treasury firm Bitmine with a $75 million commitment, while ARK Invest and Payward, the parent company of the crypto exchange Kraken, each contributed $25 million.
Following the investment, Bitmine chairman Tom Lee will join the company’s board of directors. Brett Winton, chief futurist at ARK Invest, has also been appointed as a board adviser.
At the same time, technology analyst Dan Ives stepped down from his role as chairman after serving in the position since September.
Strategic Investments in OpenAI and MrBeast Ventures
Eightco said the newly raised funds will support investments in technologies shaping next-generation digital platforms. As part of this strategy, the company confirmed a $50 million strategic investment in OpenAI.
The firm also invested $25 million in Beast Industries, a venture linked to YouTuber James Donaldson, widely known as MrBeast.
Eightco Stock Performance and Crypto Strategy
Shares of Eightco closed trading up about 11.67% at $0.90 following the announcement, though the stock slipped slightly in after-hours trading to around $0.88.
Despite the short-term gain, the company’s stock remains down more than 90% over the past six months. Eightco previously made headlines in September when it announced plans to purchase and hold Worldcoin as part of its treasury strategy, a move that briefly triggered a sharp surge in its share price.
Disclaimer
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