Eightco Sees 11.67% Price Jump on $125M Institutional Raise

Crypto treasury firm Bitmine led an institutional round of funding for Eightco Holdings (ORBS) that raised $125 million. The capital injection will fund expansion into blockchain infrastructure and artificial intelligence.

The raise included a $75 million investment from Bitmine, with ARK Invest and Payward (Kraken's parent company) each contributing $25 million. As part of the deal, Bitmine chairman Tom Lee will join Eightco's board, while ARK Invest chief futurist Brett Winton signed on as a board advisor.

Eightco also disclosed strategic investments in OpenAI ($50 million) and Beast Industries (a $25 million stake), which is owned by YouTuber James Donaldson. These bets position ORBS at the center of key frontier AI technologies and content creation.

The fundraise drove Thursday's price action, with shares climbing 11.67% to 90 cents before slipping 2.6% in after-hours trading. Despite this week's gains, ORBS remains down over 92% across the past six months due to a broad market downturn that has pressured crypto-linked equities.