Eightco lands $125M from Bitmine, ARK as Tom Lee joins board
first published 2026-03-12T14:03:00Z
Eightco Holdings announced $125 million in institutional funding commitments ($75M from Bitmine Immersion Technologies; $25M each from ARK Invest and Payward) with additional support from Coinfund, Pantera and FalconX. Bitmine’s Tom Lee will join the board. Eightco has deployed $50M into OpenAI and $25M into Beast Industries, and holds a large digital-asset treasury of roughly 277 million WLD tokens (~10% of circulating supply), 11,000 ETH and $82M in cash. CEO Dan Ives will step down. WLD’s price rose about 2% on the announcement and ORBS traded near $1.00.
AI Analysis
The story reports concrete institutional funding ($125M) and board-level support (Tom Lee), sizable strategic investments ($50M into OpenAI, $25M into Beast Industries), and a large digital-asset treasury (277M WLD, 11,000 ETH, $82M cash). Those facts are supportive for asset confidence and explain the ~2% WLD price uptick; effects are real but limited in magnitude for short-term traders.
Expected Investor Sentiment: Bullish
Potential Market Impact: Significant