ORBS Stock Shoots Up 35% After $125M Backing From Bitmine, ARK Invest, And Payward – Dan Ives Calls It 'Perfect Team'
Synopsis
Bitmine heads the funding round with a $75 million pledge, while ARK Invest and Payward, Kraken’s parent company, each contribute $25 million.
Eightco Holdings Inc. (ORBS) on Thursday announced that it has secured $125 million in new funding to ramp up investments in artificial intelligence, blockchain, and digital consumer platforms.
The funding round is led by Bitmine (BMNR) with a $75 million commitment, complemented by $25 million each from ARK Invest and Payward, parent of global crypto platform Kraken.
Following the update, Dan Ives, chairman of Eightco expressed optimism in a post on X platform, calling the investors a ‘perfect team’.
Eightco stock traded over 35% in Thursday’s premarket.
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