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Why Is Eightco Stock Soaring Thursday? - Eightco Holdings (NASDAQ:ORBS)
Eightco allocated $75 million from $125 million funding into AI and crypto, including $50 million to OpenAI and $25 million to Beast Industries, focusing on digital identity verification.
- Recently, Eightco Holdings secured $125 million in new institutional funding commitments, and ORBS shares rose as much as 25% in early trading.
- Eightco, formerly Cryptyde, maintains a large treasury with roughly 277 million WLD tokens, 11,000 ether, and $82 million in cash reserves tied to the World identity network using Orbs.
- Major investors also include ARK Invest and Payward, each committed $25 million, with Tom Lee joining the board, according to the source.
- Eightco has deployed capital into two high-profile investments, including $50 million into OpenAI and $25 million into Beast Industries, while WLD's price rose more than 2% to $0.362.
- Bitmine's broader investments show its deep ties to creator economy firms with a $200 million Beast Industries stake in January, while Dan Ives will step down after steering the 2025 shift.
19 Articles
19 Articles
Eightco (NASDAQ: ORBS) Secures $125M in Institutional Commitments Led by Bitmine (NYSE: BMNR), Cathie Wood's ARK Invest, and Payward to Expand into Next Generation Technology - BlockTelegraph
ORBS makes strategic investments in category-defining companies, including OpenAI and Beast Industries Tom Lee, Chairman of Bitmine (NYSE: BMNR), joins board of directors to support ORBS’ long-term investment strategy ARK Invest joins ORBS as a partner, providing strategic advisory and private market intelligence; commits $25 million to ORBS Brett Winton, Chief Futurist at ARK Invest, will join as an advisor to ORBS’ Board Payward, the parent co…
Eightco (NASDAQ: ORBS) Secures $125M in Institutional Commitments Led by Bitmine (NYSE: BMNR), Cathie Wood's ARK Invest, and Payward to Expand into Next Generation Technology
ORBS makes strategic investments in category-defining companies, including OpenAI and Beast Industries
Eightco funding Raises $125M From ARK Invest, Bitmine and Kraken Parent Payward
This article was first published on Deythere. Eightco Holdings has raised $125 million in institutional commitments, with investment support from crypto treasury firm Bitmine, Cathie Wood’s ARK Invest and Payward, the parent company of crypto exchange Kraken. The Eightco funding is happening while a numbers of technology investors look at sectors that sit at the intersection of artificial intelligence, blockchain infrastructure and digital consu…
Eightco (NASDAQ: ORBS) Secures $125M in Institutional Commitments Led by Bitmine (NYSE: BMNR), Cathie Wood’s ARK Invest, and Payward to Expand into Next Generation Technology
ORBS makes strategic investments in category-defining companies, including OpenAI and Beast Industries Tom Lee, Chairman of Bitmine (NYSE: BMNR), joins board of directors to support ORBS’ long-term investment strategy ARK Invest joins ORBS as a partner, providing strategic advisory and private market intelligence; commits $25 million to ORBS Brett Winton, Chief Futurist at ARK Invest, […] The post Eightco (NASDAQ: ORBS) Secures $125M in Institut…
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