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.