According to PR Newswire, Eightco Holdings (NASDAQ: ORBS) announced the completion of a $125 million funding round, led by Bitmine (NYSE: BMNR) with $75 million, and commitments of $25 million each from ARK Invest and Payward (parent company of Kraken), with additional investors including Pantera, Coinfund, and GSR. The company also disclosed its strategic $50 million investment in OpenAI and a $25 million investment in Beast Industries, founded by MrBeast, while continuing to hold positions in Worldcoin and Ethereum. Tom Lee, Chairman of Bitmine, has joined the ORBS Board of Directors, and Brett Winton, Chief Futurist at ARK Invest, has been appointed as a board advisor.
Eightco Holdings Completes $125 Million Funding Led by Bitmine
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Summary
Eightco Holdings (NASDAQ: ORBS) has finalized a $125 million project funding round led by Bitmine (NYSE: BMNR), which invested $75 million. ARK Invest and Payward each contributed $25 million, with Pantera, Coinfund, and GSR also participating. The company announced a $50 million investment in OpenAI and $25 million in Beast Industries. It maintains positions in Worldcoin and Ethereum. Bitmine’s Tom Lee has joined ORBS’ board, and ARK’s Brett Winton has been appointed as a board advisor.
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