Eightco Holdings shares swing after $125M funding round led by Bitmine and ARK Invest

Eightco Holdings (ORBS) shares swung sharply after the company announced a $125 million funding round led by Bitmine and $ARK Invest. The stock surged as much as 35% before giving back most of those gains, trading about 6% higher by Thursday morning.

The funding includes a $75 million commitment from Bitmine, at least $25 million from $ARK Invest, and $25 million from Payward, the parent company of crypto exchange Kraken. Eightco said the capital will support investments in artificial intelligence, blockchain infrastructure, and digital consumer platforms.

The company also disclosed $75 million in initial strategic investments, including $50 million in OpenAI and $25 million in Beast Industries. Bitmine, which led the funding round, has also invested in Beast Industries, committing about $200 million in January.

Eightco maintains exposure to digital assets as part of its treasury strategy, holding roughly 277 million Worldcoin tokens and about 11,000 Ethereum, alongside $82 million in cash reserves.

As part of the funding round, Bitmine chairman Tom Lee will join Eightco’s board of directors, while Brett Winton, chief futurist at $ARK Invest, will serve as an advisor to the company’s board.