Eightco Holdings shares swing after $125M funding round led by Bitmine and ARK Invest

Eightco Holdings (ORBS) experienced significant stock volatility after announcing a $125 million funding round. The investment was led by Bitmine, which committed $75 million, with ARK Invest contributing at least $25 million and Payward (Kraken's parent company) adding $25 million. Eightco plans to use this capital to invest in artificial intelligence, blockchain infrastructure, and digital consumer platforms. The company also revealed $75 million in prior strategic investments, including $50 million in OpenAI. Key personnel changes include Bitmine chairman Tom Lee joining Eightco’s board and ARK Invest's chief futurist, Brett Winton, becoming a board advisor. Eightco's treasury currently holds significant digital assets, including 277 million Worldcoin tokens and 11,000 Ethereum.

(Source：Crypto Briefing)