Eightco Holdings has raised $125 million in funding, led by Bitmine, with participation from Ark Invest and others.

PANews reported on March 13th, citing Cointelegraph, that crypto asset treasury company Eightco Holdings announced the completion of a $125 million funding round to support its investments in blockchain and artificial intelligence. The round was led by Bitcoin treasury company Bitmine with $75 million, with Ark Invest and Kraken's parent company Payward each contributing $25 million. Bitmine Chairman Tom Lee will join Eightco's board of directors, and Ark Invest's chief futurist Brett Winton will serve as a board advisor.

Eightco also announced the completion of a $50 million strategic investment in OpenAI and a $25 million investment in Beast Industries, the company owned by YouTuber MrBeast. Following this news, Eightco's stock price rose 12% on Thursday.