Eightco secures $125M from Bitmine, Ark Invest and Kraken parent as Tom Lee joins board

On Wednesday, Eightco Holdings (ORBS) announced it had raised $125 million led by Bitmine, with additional capital from Ark Invest and Kraken's parent Payward, sending its shares up more than 11% by Thursday's close. The company said the funds will back new investments in artificial intelligence, blockchain infrastructure and digital consumer platforms, including a $50 million allocation to OpenAI and $25 million to MrBeast's Beast Industries.