Eightco Holdings has secured $125 million in new funding from Ark Invest and Bitmine. The capital infusion is earmarked for strategic investments in artificial intelligence and content creation platforms.
Crypto treasury firm Bitmine led the round with $75 million, while Ark Invest and Payward, parent company of Kraken, each contributed $25 million. Tom Lee, chairman of Bitmine, will join Eightco's board, and Brett Winton of Ark Invest will serve as a board advisor.
The company announced it has made a $50 million investment in OpenAI and a $25 million investment in Beast Industries, owned by YouTuber MrBeast.
These investments signal Eightco's focus on frontier AI technologies and digital consumer platforms. The company's stock saw a significant jump following the funding announcement. Eightco is an e-commerce inventory management platform that previously made a notable crypto play with Worldcoin.