- The new funding will support ORBS’ expansion into AI, blockchain, and digital platforms.
- ORBS said it closed a $50 million investment in OpenAI and $25 million in MrBeast’s Beast Industries.
- The company said Dan Ives has stepped down from his role as Chairman and Board member.
Eightco Holdings Inc. (ORBS) on Thursday announced that it has secured $125 million in new funding to ramp up investments in artificial intelligence, blockchain, and digital consumer platforms.
The funding round is led by Bitmine (BMNR) with a $75 million commitment, complemented by $25 million each from ARK Invest and Payward, parent of global crypto platform Kraken.
Investments in AI and Content Creation
The new capital will fuel Eightco Holdings’ push into technologies shaping the future, including AI, blockchain infrastructure, and global digital platforms. The firm said it has already completed initial strategic investments totaling $75 million, including $50 million in OpenAI and $25 million in MrBeast and Beast Industries.
The company continues to hold positions in Worldcoin, co-founded by Sam Altman, and Ethereum, maintaining long-term support for the ERC-20 protocol.
"ORBS is taking on a unique initiative at the intersection of AI, blockchain, and creator-driven platforms.”
-Cathie Wood, Founder, CEO, and CIO, ARK Invest
Eightco stock traded over 35% in Thursday’s premarket. On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory amid ‘extremely high’ message volume levels.
Dan Ives Steps Down As Chairman And Board Member
The company said Dan Ives has stepped down from his role as Chairman and Board member, citing no disagreements with the company’s policies or operations.
Following Ives’ departure, Kevin O’Donnell, the company’s Chief Executive Officer and director, has been named Chairman of the Board, effective immediately. Thomas Lee, co-founder and Managing Partner of Fundstrat Global Advisors, has been appointed as an independent director.
In a post on the X platform, Dan Ives expressed optimism, calling the investors a ‘perfect team’.
ORBS stock has declined by 19% in the last 12 months.
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