Eightco Holdings shares rise 11.24% premarket after $125M institutional funding and board reshuffle led by Tom Lee.

Eightco Holdings surged 11.24% in premarket trading following a $125 million private placement led by institutional investors including Bitmine Immersion Technologies, ARK Investment Management, and Payward Services, alongside boardroom changes featuring Tom Lee’s appointment. The capital raise, coupled with the involvement of high-profile entities like Cathie Wood’s ARK Invest, signals institutional confidence in Eightco’s strategic direction, particularly its expansion into next-generation technologies and digital asset initiatives. The premarket rally aligns with the news, as the funding and leadership adjustments are likely perceived as catalysts for operational and growth-oriented momentum, despite the company’s ongoing losses and elevated price-to-sales ratio.