BitMine Invests 80 Million Dollars in Eightco (ORBS), Positioning for OpenAI Equity Layout in New AI Landscape

Ethereum Reserve Company BitMine Buys ETH from the Ethereum Foundation via OTC, Surpassing 4.59 Million Holdings. BitMine Also Invests $80 Million in Eightco (ORBS), Indirectly Holding $50 Million in OpenAI Shares. Inspired by this news, ORBS stock surged over 34%, and BMNR stock rose nearly 14%.

BitMine Buys 5,000 ETH from the Ethereum Foundation

Yesterday, BitMine disclosed its latest cryptocurrency holdings as of March 15, with assets valued at $11.5 billion, including:

4,595,562 ETH

196 Bitcoin

$80 million in Eightco Holdings (ORBS)

$200 million in Beast Industries shares

$1.2 billion in unallocated cash

BitMine purchased 5,000 ETH from the Ethereum Foundation (EF) via OTC at a price of $2,042.96 each.

BitMine Invests $80 Million in Eightco, Indirectly Holding OpenAI Equity

In cross-sector investment, BitMine participated in a new funding round for Eightco, committing up to $125 million, with BitMine contributing $80 million. The round features a strong lineup, including Ark Invest, which focuses on disruptive innovation, and Payward, the parent company of cryptocurrency exchange Kraken.

BitMine Chairman Tom Lee joins the ORBS Board of Directors. Ark Invest’s Chief Futurist Brett Winton will serve as an advisor to the ORBS board.

Notably, ORBS acquired $50 million worth of shares in OpenAI, making it the only publicly listed company allowing investors to directly invest in OpenAI globally. OpenAI’s highly anticipated IPO is scheduled for 2026. ORBS also invested $25 million in Beast Industries shares.

Yesterday, ORBS surged over 34% on this news.

Tom Lee: Cryptocurrency Performs Well After War Breaks Out

BitMine Chairman Tom Lee stated that since the Iran war outbreak, cryptocurrency prices have performed exceptionally well, with Ethereum outperforming the S&P 500 index. He believes rising oil prices have triggered concerns about a slowdown in global economic growth. When investors worry about economic growth, they tend to buy growth stocks, including the big seven tech giants, software stocks, and cryptocurrencies.

Yesterday, BitMine (BMNR) stock also rose 13.95%.

This article about BitMine increasing its $80 million investment in Eightco (ORBS), positioning itself in OpenAI equity and AI new landscape, first appeared on Chain News ABMedia.