Eightco Holdings’ shares jumped as much as 25% after announcing $125 million in new institutional funding commitments and $75 million in AI and crypto investments.
Funding includes $75 million from Bitmine Immersion Technologies, with Bitmine Chairman Tom Lee joining the board. ARK Invest committed $25 million, with Chief Futurist Brett Winton becoming an adviser. Payward, parent of Kraken, also committed $25 million, alongside other firms like Coinfund and Pantera.
Eightco deployed $50 million into OpenAI, the creator of ChatGPT, and $25 million into Beast Industries, the business arm of YouTube creator MrBeast.
The company, formerly known as Cryptyde, also holds a substantial treasury of digital assets, including approximately 277 million Worldcoin (WLD) tokens, 11,000 ether, and $82 million in cash reserves.
Bitmine Chairman Tom Lee highlighted the synergy between Worldcoin's Proof of Human concept, OpenAI's models, and MrBeast's content creation capabilities.
