Ethereum News Today: BitMine invests $20 million in Eightco Holdings to drive Octo's stock price to boost Ethereum strategy
Source: CoinWorld
Time: 2025-09-08 21:12:41
BitMine Immersion Technologies invested $20 million in Eightco Holdings as part of its “Moonshot” strategy to enhance the Ethereum ecosystem. This is part of Eightco's $270 million PIPE program, which includes the acquisition of Worldcoin tokens. Tom Lee, CEO of BitMine, believes that changing regulations and technologies are key drivers and compares this transformation with the economic changes that followed the disintegration of the Bretton Woods system. The company spends 1% of its balance sheet on investments focused on Ethereum, aiming to control a large portion of its supply. BitMine's stock is highly liquid, with an average daily trading volume of $1.7 billion.