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Eightco Raises $250M, Invests in AI & Crypto

Published 2 weeks, 6 days ago
Description

Eightco Holdings shares surged by up to 25% in early trading following a significant funding boost. The company secured $125 million in new institutional funding, with Bitmine Immersion Technologies leading the charge at $75 million. Ark Invest and Payward, Krakens parent, also pledged $25 million each. The investments include $50 million for OpenAI and $25 million for Beast Industries, which is linked to YouTube star MrBeast. Eightco now holds 10% of Worldcoins supply, eleven thousand ether, and $82 million in cash. Worldcoin uses biometric orbs to verify real humans online and combat AI bots. Dan Ives, who led the companys shift last year, is stepping down.

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