Major holder BITMINE IMMERSION TECHNOLOGIES ups Eightco Holdings (OCTO) stake
Rhea-AI Filing Summary
Eightco Holdings Inc. reported a large insider purchase by major shareholder BITMINE IMMERSION TECHNOLOGIES, INC.. The reporting holder bought 86,956,513 shares of common stock in open-market transactions at a weighted average price of $0.886 per share.
After this transaction, the holder’s reported position increased to 100,655,143 common shares. Footnotes state the trades were open-market purchases and that individual trade prices ranged from $0.881 to $0.920 per share.
Positive
- A ten-percent owner, BITMINE IMMERSION TECHNOLOGIES, INC., made a substantial open-market purchase of 86,956,513 Eightco Holdings common shares at a weighted average price of $0.886, raising its reported holdings to 100,655,143 shares.
Negative
- None.
Insights
Major shareholder executed a very large open-market share purchase in Eightco Holdings.
A ten-percent owner, BITMINE IMMERSION TECHNOLOGIES, INC., bought 86,956,513 Eightco Holdings common shares at a weighted average price of $0.886. The purchase occurred in open-market transactions, indicating an active decision to increase exposure rather than a passive grant or conversion.
Following the trade, the holder reported owning 100,655,143 shares of common stock. The scale of this net-buy, relative to the reported post-transaction position, suggests a substantial step-up in ownership. Actual implications for the share price will depend on broader market conditions and future company performance.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 86,956,513 | $0.886 | $77.04M |
Footnotes (1)
- Reflects open market purchases on the transaction date. Represents the weighted average purchase price of the shares acquired. The prices of the shares purchased pursuant to the transactions ranged from $0.881 to $0.920 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the Issuer or a security holder of the Issuer full information regarding the number of shares purchased at each separate price.