Eightco lands $125M from Bitmine, ARK as Tom Lee joins board

The fresh capital from Kraken’s parent company, ARK Invest, and Bitmine has backed Eightco’s new bets on OpenAI and MrBeast.

Shares in Eightco Holdings (ORBS) jumped 12% on Thursday after it raised $125 million to back its bets in blockchain and artificial intelligence.

Eightco said on Wednesday that crypto treasury firm Bitmine led the round with a $75 million investment, while ARK Invest and Payward, the parent company of crypto exchange Kraken, each invested $25 million.

The company added that Bitmine chairman Tom Lee would join Eightco’s board and ARK Invest’s chief futurist Brett Winton also signed on as a board advisor.

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