US EditionEightco's $90M OpenAI Bet Brings Tom Lee To Board But Stock Can't Break $1 - Eightco Holdings (NASDAQ:ORBS)
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Eightco's $90M OpenAI Bet Brings Tom Lee To Board But Stock Can't Break $1 - Eightco Holdings (NASDAQ:ORBS)
Eightco Holdings (NASDAQ:ORBS) invested an additional $40 million in OpenAI, bringing total commitment to $90 million and adding Bitmine (NYSE:BMNR) Chairman Tom Lee to its board. The OpenAI Investment OpenAI now represents approximately 30% of Eightco’s total treasury position. The company’s holdings include 277.2 million WLD tokens, 11,068 ETH, and $76 million in cash and stablecoins. Eightco holds nearly 10% of current WLD supply in circula…
Tom Lee-backed Eightco doubles down on OpenAI as total stake hits $90 million
Eightco's increased investment in OpenAI underscores the growing influence of AI in reshaping global industries and investor strategies. The post Tom Lee-backed Eightco doubles down on OpenAI as total stake hits $90 million appeared first on Crypto Briefing.
Eightco Holdings raised its total investment in OpenAI to USD $90 million and secured new funding commitments for USD $125 million to expand in artificial intelligence and blockchain. However, the market reacted cautiously and the shares of ORBS opened downwards. *** Eightco added USD $40 million to OpenAI, bringing its total exposure to USD $90 million. About 30% of its treasury is now in shares of the IA company behind ChatGPT. The company mai…
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