ChainThink reports that on March 12, WLD treasury company Eightco Holdings Inc. (NASDAQ: ORBS) announced a new funding commitment of $125 million, led by BitMine with $75 million, and ARK Invest committing at least $25 million. Payward, the parent company of the global crypto platform Kraken, also committed $25 million to ORBS. This capital will support ORBS in expanding its investment initiatives, with a focus on next-generation artificial intelligence, blockchain infrastructure, and technologies related to global digital consumer platforms.
ORBS also announced the completion of its initial strategic investments, totaling $75 million, including a $50 million investment in OpenAI and a $25 million investment in MrBeast and Beast Industries. These investments position ORBS as a central hub for cutting-edge AI technology and content creation, further expanding its portfolio to include equity stakes in leading global innovators. The company continues to hold long-term positions in Worldcoin, co-founded by Sam Altman, and Ethereum, remaining firmly bullish on the ERC-20 protocol.
The company has appointed Tom Lee, Chairman of BitMine, to the ORBS Board. Brett Winton, Chief Futurist at ARK Invest, will serve as an advisor to the ORBS Board. Dan Ives will step down as Chairman of ORBS.