Overview
- Eightco detailed $125 million in institutional commitments led by $75 million from Bitmine, with $25 million each from ARK Invest and Kraken parent Payward, and additional support from firms including Coinfund, Pantera and FalconX.
- The company said it has already deployed capital into strategic stakes, investing about $50 million in OpenAI and $25 million in MrBeast’s Beast Industries.
- Eightco reported a sizable digital‑asset treasury that includes roughly 277 million Worldcoin tokens, about 11,000 ether, and $82 million in cash.
- Governance is shifting as Dan Ives steps down as chairman, Bitmine chairman Tom Lee joins the board, and ARK’s chief futurist Brett Winton becomes a board adviser.
- Shares rose as much as roughly 22%–25% in early trading following the announcement, with the move framed as part of a broader repositioning of the former Cryptyde business.