Bitmine Immersion Backs $436M Eightco Portfolio and New ETH Labs Hub
BMNR•Bitmine Immersion is among institutional backers of Eightco Holdings’ $436 million treasury, which includes $90 million in OpenAI SPVs, $18 million in Beast Industries, 16,278 ETH, 283 million WLD tokens and $149 million in cash and equivalents. Bitmine also joined Tom Lee and Joseph Lubin to fund ETH Labs as a new Ethereum research hub.
1. Participation in Eightco’s Treasury
Bitmine Immersion is listed as a leading institutional investor in Eightco Holdings’ $436 million treasury, which comprises $90 million in indirect OpenAI equity, $18 million in Beast Industries, 16,278 ETH, 283.45 million WLD tokens and roughly $149 million in cash and stablecoins. This exposure aligns Bitmine with three major themes: artificial intelligence, digital identity and the creator economy.
2. Funding of New Ethereum Research Hub
Following a 20% staff reduction at the Ethereum Foundation, Bitmine joined Tom Lee and Joseph Lubin to back ETH Labs, a freshly formed research hub with Wall Street support. This initiative aims to fill the organizational gap in Ethereum development and could influence future protocol advancements and ecosystem growth.
