Eightco Surges on $20M Investment from Bitmine
ByAinvest
Monday, Sep 8, 2025 7:14 am ET1min read
BMNR--
The announcement led to a 162.76% increase in OCTO shares, pushing the price up to $3.81 pre-market. Meanwhile, BMNR shares fell by 0.64% to $41.77. The investment was part of a broader $250M private placement by Eightco, which also involved several other institutional investors. The funds will be used to implement the first-of-its-kind Worldcoin (WLD) treasury strategy.
Eightco plans to use the capital to drive growth and expansion, with Worldcoin serving as its primary treasury reserve asset. The company also intends to change its Nasdaq trading symbol to ORBS, effective September 11, 2025. Dan Ives, a renowned technology and AI expert, has been appointed as the new Chairman of the Board, expressing excitement about the role and the future of AI in digital identity.
Bitmine Immersion Technologies, under the leadership of Chairman Thomas Lee, has been supportive of innovative projects that create value for the Ethereum network. The investment in Eightco is part of Bitmine's "Moonshot" strategy to back bold ideas that strengthen Ethereum's ecosystem.
The transaction was led by MOZAYYX with participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, and BitMine. The offering is expected to close on or about September 11, 2025.
References:
[1] https://seekingalpha.com/news/4492980-eightco-shares-jump-on-20m-investment-from-bitmine-worlds-first-worldcoin-treasury-strategy-news
[2] https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
ETH--
OCTO--
Eightco Holdings shares rose by 162.76% to $3.81 after announcing a $20M investment from Bitmine Immersion Technologies. The investment is part of Bitmine's Worldcoin treasury strategy, which aims to support innovative companies. Eightco plans to use the funds to drive growth and expansion.
Eightco Holdings (NASDAQ: OCTO) experienced a significant surge in its share price on Monday, September 2, 2025, following the announcement of a $20M investment from Bitmine Immersion Technologies (NYSE: BMNR). The investment, part of Bitmine's Worldcoin treasury strategy, has sparked substantial interest in the market.The announcement led to a 162.76% increase in OCTO shares, pushing the price up to $3.81 pre-market. Meanwhile, BMNR shares fell by 0.64% to $41.77. The investment was part of a broader $250M private placement by Eightco, which also involved several other institutional investors. The funds will be used to implement the first-of-its-kind Worldcoin (WLD) treasury strategy.
Eightco plans to use the capital to drive growth and expansion, with Worldcoin serving as its primary treasury reserve asset. The company also intends to change its Nasdaq trading symbol to ORBS, effective September 11, 2025. Dan Ives, a renowned technology and AI expert, has been appointed as the new Chairman of the Board, expressing excitement about the role and the future of AI in digital identity.
Bitmine Immersion Technologies, under the leadership of Chairman Thomas Lee, has been supportive of innovative projects that create value for the Ethereum network. The investment in Eightco is part of Bitmine's "Moonshot" strategy to back bold ideas that strengthen Ethereum's ecosystem.
The transaction was led by MOZAYYX with participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, and BitMine. The offering is expected to close on or about September 11, 2025.
References:
[1] https://seekingalpha.com/news/4492980-eightco-shares-jump-on-20m-investment-from-bitmine-worlds-first-worldcoin-treasury-strategy-news
[2] https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
Stay ahead of the market.
Get curated U.S. market news, insights and key dates delivered to your inbox.
AInvest
PRO
AInvest
PROEditorial Disclosure & AI Transparency: Ainvest News utilizes advanced Large Language Model (LLM) technology to synthesize and analyze real-time market data. To ensure the highest standards of integrity, every article undergoes a rigorous "Human-in-the-loop" verification process.
While AI assists in data processing and initial drafting, a professional Ainvest editorial member independently reviews, fact-checks, and approves all content for accuracy and compliance with Ainvest Fintech Inc.’s editorial standards. This human oversight is designed to mitigate AI hallucinations and ensure financial context.
Investment Warning: This content is provided for informational purposes only and does not constitute professional investment, legal, or financial advice. Markets involve inherent risks. Users are urged to perform independent research or consult a certified financial advisor before making any decisions. Ainvest Fintech Inc. disclaims all liability for actions taken based on this information. Found an error?Report an Issue
Comments
No comments yet