SCHEDULE: Bitmine Immersion Takes 31.94% Stake in Eightco Holdings

Bitmine Immersion Technologies, Inc. has reported a significant 31.94% beneficial ownership in Eightco Holdings Inc., alongside a new $75 million investment commitment and a board appointment.

Summary

• Bitmine Immersion Technologies, Inc. now beneficially owns 100,655,143 shares of Eightco Holdings Inc. Common Stock.
• This represents 31.94% of Eightco Holdings Inc.'s outstanding Common Stock, based on 315,141,681 shares as of March 16, 2026.
• The ownership includes 13,698,630 shares acquired pursuant to a Securities Purchase Agreement dated September 8, 2025, and 86,956,513 shares acquired through open market purchases.
• Bitmine Immersion has committed to purchase additional Common Stock for an aggregate price of not less than $75,000,000, funded by its general working capital.
• The acquisition is for investment purposes, with the Reporting Person reserving the right to make further purchases or dispose of shares.
• Thomas Lee, Executive Chairman of Bitmine Immersion Technologies, Inc., was appointed to Eightco Holdings Inc.'s Board of Directors on March 10, 2026.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive development, indicating significant investor confidence and potential strategic synergies, bolstered by a substantial new investment commitment and board representation.

Positives

• Significant strategic investment by Bitmine Immersion Technologies, Inc. in Eightco Holdings Inc., acquiring a 31.94% stake.
• A substantial commitment of at least $75,000,000 for additional share purchases indicates strong confidence in Eightco's future.
• The appointment of Bitmine's Executive Chairman, Thomas Lee, to Eightco's board suggests potential for strategic collaboration and enhanced oversight.
• Increased institutional ownership can provide stability and potentially attract further investor interest.

Risks

• The Reporting Person reserves the right to dispose of some or all of the Common Stock, which could lead to selling pressure.
• Future purchases or dispositions depend on various factors including Eightco's business, prospects, financial condition, market conditions, and general economic conditions, introducing uncertainty.

Future Outlook

Bitmine Immersion Technologies, Inc. may make additional purchases of Eightco Holdings Inc.'s securities or dispose of existing holdings, depending on Eightco's business, prospects, financial condition, market conditions, and general economic factors.

Management Comments

• Reporting Person's principal business is to maximize ETH per share and advance the Ethereum ecosystem through strategic treasury management and native protocol participation.

Industry Context

StockSavvy.ai notes that this significant stake acquisition by a company focused on the Ethereum ecosystem suggests a potential strategic alignment or expansion into related digital asset or blockchain infrastructure sectors for Eightco Holdings Inc. This move could position Eightco to benefit from Bitmine's expertise and resources in the evolving digital economy.

Comparison to Industry Standards

• A 31.94% stake is a substantial minority interest, often indicative of a strategic partnership or a precursor to further integration, similar to how major tech firms acquire significant stakes in promising startups to gain market access or technology.
• The $75 million investment commitment, while significant, needs to be contextualized against Eightco's market capitalization and capital needs to assess its full impact relative to industry-standard capital raises for growth or operational funding.

Management Changes

Corporate Governance

Stakeholder Impact

• Shareholders: Potential for increased share price stability and confidence due to a significant strategic investor and a substantial new investment commitment. The possibility of future dispositions by the Reporting Person could introduce volatility.
• Management: New board member from a major investor could bring new perspectives and strategic direction, but also increased oversight.
• Creditors: The $75 million investment commitment could improve the company's financial position, potentially reducing credit risk.

Next Steps

• Bitmine Immersion Technologies, Inc. may make additional purchases of Eightco Holdings Inc.'s securities.
• Bitmine Immersion Technologies, Inc. may dispose of some or all of its Common Stock holdings.
• The committed $75,000,000 investment will be executed.

Key Dates

Recommendation

The substantial 31.94% stake acquired by Bitmine Immersion Technologies, Inc., coupled with a firm commitment to invest at least an additional $75 million, signals strong confidence in Eightco Holdings Inc.'s future. The appointment of Bitmine's Executive Chairman to Eightco's board further solidifies a strategic alignment, suggesting potential for operational synergies and enhanced governance. This influx of capital and strategic partnership is a significant positive catalyst for Eightco's growth prospects and valuation.

Keywords

Eightco Holdings Inc., Bitmine Immersion Technologies, Schedule 13D, Beneficial Ownership, Investment, Common Stock, Board Appointment, Equity Stake, SEC Filing, Strategic Investment, Cryptocurrency, Ethereum Ecosystem