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Eightco stock rises following $125 million funding pledge and investments in OpenAI and Beast Industries.
Eightco maintains a digital asset treasury comprising approximately 277 million WLD tokens and 11,000 ether.
(Anne Nygård/Unsplash/Modified by CoinDesk)
What to know:
- Eightco Holdings has secured $125 million in new institutional funding commitments led by Bitmine, ARK Invest, and Kraken’s parent company, Payward.
- The organization is transitioning its focus from a packaging and logistics firm to an investment company centered on AI and blockchain, having already allocated $75 million to OpenAI and MrBeast’s Beast Industries.
- Eightco possesses a substantial treasury, including roughly 277 million WLD tokens, 11,000 Ether, and $82 million in cash reserves.
Eightco Holdings’ (ORBS) shares experienced an increase of up to 25% in early trading following the announcement of $125 million in new institutional funding commitments and $75 million in AI and cryptocurrency investments.
The funding includes $75 million from Bitmine Immersion Technologies (BMNR), an ether (ETH) treasury asset company that holds nearly a 7% share in the firm, as reported by MarketScreener. Bitmine Chairman Tom Lee is set to join the board.
ARK Invest, with its chief futurist, Brett Winton, becoming an adviser, and Payward, the parent organization of the crypto exchange Kraken, each committed $25 million. Various other companies, including Coinfund, Pantera, and FalconX, have also pledged their support to the firm.
In addition to the funding, Eightco indicated it has already allocated capital into two significant investments. These consist of $50 million into OpenAI, the entity behind ChatGPT, and $25 million into Beast Industries, the business venture of YouTube creator MrBeast.
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The company, previously known as Cryptyde and engaged in packaging and logistics, also holds a considerable treasury position in , a cryptocurrency associated with the World identity network co-founded by OpenAI CEO Sam Altman.
The initiative employs biometric verification through specialized devices referred to as “Orbs” to establish a digital identity that verifies a user as a genuine person rather than an automated bot.
This system aims to tackle an escalating issue on the internet: differentiating human activity from content generated by AI systems.
Eightco has amassed approximately 277 million WLD tokens, nearly 10% of the token’s circulating supply, along with 11,000 ether and $82 million in cash reserves, as per a company update.
Dan Ives, who led the company during its strategic transition in 2025, will resign.
Bitmine’s Lee remarked that the strategy aligns with several key technology trends.
"To me, there is tremendous synergy between Proof of Human (Worldcoin), the OpenAI foundational models, and connectivity to the greatest content creator in the world, MrBeast,” he stated.
Bitmine invested $200 million in Beast Industries in January.
WLD’s price increased by over 2% following the announcement, now trading at $0.362 per token. ORBS were recently priced at $1.00.
