Eightco Holdings secures $125 million in funding commitment, with Bitmine leading a $75 million investment

Odaily reported that Nasdaq-listed company Eightco Holdings has announced a new round of financing commitment totaling $125 millions. Ethereum treasury company Bitmine will lead the round with a $75 millions investment, ARK Invest has committed to invest at least $25 millions, and Payward, the parent company of a certain crypto exchange platform, has also pledged to invest $25 millions in ORBS. The new funds will support the expansion of its business and investment in technologies shaping the next generation of artificial intelligence, blockchain infrastructure, and global digital consumer platforms. The company also stated it will continue to hold Worldcoin, co-founded by Sam Altman, and Ethereum, and remains optimistic about the ERC-20 protocol in the long term. It is reported that Tom Lee, Chairman of Bitmine, will join the Eightco Holdings board of directors. Brett Winton, Chief Futurist at ARK Invest, will serve as an advisor to the ORBS board, while Dan Ives will step down as Chairman of ORBS. (PRNewswire)