BroadChain has learned that on March 12, Nasdaq-listed company Eightco (NASDAQ: ORBS) announced a new funding commitment totaling $125 million.
Bitmine will lead the round with a $75 million investment. ARK Invest has committed at least $25 million, and Payward—the parent company of Kraken—has also pledged $25 million to ORBS.
The fresh capital will fuel Eightco's business expansion and its investments in technologies powering the next generation of artificial intelligence, blockchain infrastructure, and global digital consumer platforms.
Eightco also confirmed it will continue to hold Worldcoin (WLD), co-founded by Sam Altman, and Ethereum (ETH), maintaining a long-term bullish stance on the ERC-20 protocol.
Additionally, Eightco disclosed it has completed a $50 million strategic Series A investment in OpenAI and a $25 million investment in MrBeast and Beast Industries.
Notably, Tom Lee, Chairman of Bitmine, will join Eightco's Board of Directors. Brett Winton, Chief Futurist at ARK Invest, will serve as an advisor to the board, while Dan Ives will step down from his role as Chairman of Eightco.