Eightco Holdings Ord Shs Stock Price, News & Analysis

BitMine Immersion (NYSE: BMNR) has announced its crypto + cash holdings have exceeded $9.211 billion, including 2.069 million ETH tokens valued at $4,312 per ETH, 192 Bitcoin, and $266 million in cash. The company has established itself as the world's largest ETH treasury and the second-largest crypto treasury globally, behind Strategy Inc.

In a strategic move, BitMine has invested $20 million in Eightco Holdings (NASDAQ: OCTO) as part of its "Moonshot" strategy, representing the company's first investment aimed at strengthening the Ethereum ecosystem. This investment is part of OCTO's $270 million PIPE, focusing on acquiring Worldcoin (WLD) tokens.

The company's stock has demonstrated significant trading activity, with an average daily volume of $1.7 billion, ranking #30 among US-listed stocks.

Eightco Holdings Inc. (NASDAQ: OCTO) has announced a significant private placement of approximately 171.2 million shares at $1.46 per share, raising $250 million in gross proceeds. Additionally, BitMine (NYSE: BMNR) made a strategic investment of $20 million through the purchase of 13.7 million shares.

The company plans to implement the world's first Worldcoin (WLD) treasury strategy, using the proceeds to acquire WLD as its primary treasury reserve asset. Notable tech analyst Dan Ives has been appointed as Chairman of the Board. The company will change its trading symbol to "ORBS" effective September 11, 2025.

The transaction was led by MOZAYYX with participation from prominent investors including World Foundation, Discovery Capital Management, and others. The initiative focuses on World's zero-knowledge Proof of Human (PoH) technology, which has already created nearly 16 million accounts across 45 countries.

Eightco Holdings (NASDAQ: OCTO) reported its Q2 2025 financial results, showing mixed performance. Revenue increased to $7.6 million, up from $5.3 million in Q2 2024. However, the company recorded a net loss of $1.2 million ($0.38 per share), compared to net income of $4.4 million ($2.15 per share) in the prior year quarter.

For the first half of 2025, revenues reached $17.5 million, up from $13.2 million in H1 2024, while net loss was $3.7 million compared to net income of $6.4 million in the same period last year. The company recognized a gain on divestiture of $1.2 million in Q2 2025, but faced increased operating expenses and interest costs.

Eightco Holdings (NASDAQ: OCTO) reported its Q1 2025 financial results, showing revenue growth of 25% to $9.9mn compared to $8.0mn in Q1 2024, driven by its refurbished Apple products business. The company reduced its operating loss by 55% to $1.4mn from $3.2mn in the prior year quarter. However, gross margins declined to 8.2% from 17.5% due to product mix shift. The company achieved a 28% reduction in SG&A expenses to $2.2mn, demonstrating improved cost management. Despite operational improvements, Eightco reported a net loss of $2.5mn in Q1 2025 compared to a net income of $1.9mn in Q1 2024. Adjusted EBITDA loss improved to $0.8mn from $1.2mn in the prior year quarter.

Eightco Holdings (NASDAQ: OCTO) has appointed Nicola Caiano to its Board of Directors, replacing Mary Ann Halford who served since October 2021. Caiano brings over 30 years of expertise in financial strategy, capital markets, and investment management.

Currently serving as CFO at Cytometric Therapeutics and Founding Partner of Olea Management , Caiano's experience includes leadership roles at Pinyon Asset Management, Paulson & Co. Inc., J.P. Morgan Chase, and Bear, Stearns & Co. Inc. At Olea Management, he advises family offices and early-stage companies on capital raising and M&A across technology, finance, and consumer goods sectors.

CEO Paul Vassilakos expressed enthusiasm about Caiano's appointment, highlighting his alignment with the company's goals in driving sustainable growth and shareholder value, particularly in technology and inventory funding sectors.

Eightco Holdings Inc. (NASDAQ: OCTO) has reported its fiscal year 2024 financial results, showing a significant revenue decline to $39.6 million from $67.6 million in 2023. The decrease was primarily attributed to reduced capital available for cell phone sales following the repayment of a convertible note.

The company's gross profit slightly decreased to $6.0 million from $6.2 million in 2023. Operating expenses improved to $14.2 million from $16.9 million, including reductions in both selling, general and administrative expenses and restructuring costs. The operating loss improved to $8.2 million compared to $10.7 million in the previous year.

In Q1 2024, the company completed the repayment of a highly dilutive debt security and repurchased outstanding warrants, which management believes has resulted in a cleaner capital structure to support future growth.

Eightco Holdings Inc. (NASDAQ: OCTO) has completed the sale of its subsidiary, Ferguson Containers, Inc. to Reichard Corrugated Products, , a company controlled by Ferguson Containers' existing management.

The strategic divestiture aligns with Eightco's focus on its core business, Forever 8 Fund, , which provides inventory and cash flow management solutions. The sale represents a milestone enabling both companies to better position themselves for long-term success.

The transaction details are documented in the Company's Current Report on Form 8-K filed with the SEC on November 27, 2024. Edward and Derick Reichard, Senior Managers at Ferguson Containers for 35 years and Founders of Reichard Corrugated Products, will lead the acquired business.

Eightco Holdings Inc. (NASDAQ: OCTO) has completed significant financial transactions through its subsidiary Forever 8 Fund, The company secured a $7.2 million debt extension and raised $3.1 million in new financing, totaling $10.3 million in New Debt to support growth through 2024 and into 2025.

Forever 8, which provides inventory and cash flow management solutions for e-commerce businesses and refurbished Apple product resellers, restructured its existing Series A, B, C, and D promissory notes into new Series A and C notes. Additionally, former Forever 8 members agreed to convert $1.6 million of accrued interest into approximately 485,381 shares of Common Stock at $3.23 per share and defer interest payments until October 30, 2025.

Eightco Holdings (NASDAQ: OCTO) reported Q3 2024 financial results with net revenues of $7.7 million, down from $23.3 million in Q3 2023, primarily due to reduced capital for cell phone sales after convertible note repayment. The company posted a net loss of $3.2 million, slightly improved from a $3.5 million loss year-over-year. Gross profit margin increased to 26.7% from 11.8%, while SG&A expenses rose 14.65% to $3.7 million. The company successfully met NASDAQ compliance requirements and raised $2.2 million through ATM sales at an average price of $3.52 per share.