SCHEDULE: Bitmine Immersion Technologies Takes 7.54% Stake in Eightco
Beneficial Ownership Report
Bitmine Immersion Technologies, Inc. has disclosed a passive beneficial ownership of 7.54% in Eightco Holdings Inc., acquiring 13,698,630 shares of common stock.
Summary
- Bitmine Immersion Technologies, Inc. (Reporting Person) has filed a Schedule 13G, indicating beneficial ownership in EIGHTCO HOLDINGS INC. (Issuer).
- The Reporting Person beneficially owns 13,698,630 shares of EIGHTCO HOLDINGS INC. Common Stock.
- This ownership represents 7.54% of the Issuer's outstanding Common Stock.
- The shares were acquired pursuant to a Securities Purchase Agreement dated September 8, 2025.
- The percentage is based on 181,474,997 shares outstanding as of September 9, 2025, as disclosed in the Issuer's Form S-3 filed on September 11, 2025.
- Bitmine Immersion Technologies, Inc. is organized in Delaware.
- The Reporting Person certifies that the securities were not acquired or held for the purpose of changing or influencing control of the Issuer.
Sentiment
Score: 7
Explanation: The acquisition of a significant passive stake (7.54%) by an institutional investor is generally viewed as a positive signal of confidence in the company's value or prospects, even if the filing itself is purely factual.
Positives
- A significant institutional investor, Bitmine Immersion Technologies, Inc., has taken a substantial 7.54% stake in Eightco Holdings Inc., potentially signaling confidence in the company's future.
Risks
- The filing itself does not detail specific risks related to Eightco Holdings Inc. beyond the general market risks inherent in holding common stock.
Future Outlook
The filing is a disclosure of past beneficial ownership and does not contain forward-looking statements or guidance from Eightco Holdings Inc. The reporting person, Bitmine Immersion Technologies, Inc., has certified that its acquisition is for passive investment purposes and not to influence control.
Management Comments
- Jonathan Bates, Chief Executive Officer of Bitmine Immersion Technologies, Inc., certified that the information set forth in the statement is true, complete, and correct to the best of his knowledge and belief.
Industry Context
This filing indicates a significant investment by a company, Bitmine Immersion Technologies, Inc., into Eightco Holdings Inc. Without further context on both companies' primary business activities, it is difficult to ascertain specific industry trends or competitive implications. However, a substantial stake by an institutional investor can often be viewed positively within the market.
Stakeholder Impact
- Shareholders: The entry of a new significant institutional shareholder could be perceived positively, potentially increasing investor confidence and liquidity. It also means a larger portion of the company's voting power is concentrated with one entity, albeit passively.
Key Dates
| Date | Description |
|---|---|
| 09/08/2025 | Date of Securities Purchase Agreement between Eightco Holdings Inc. and Bitmine Immersion Technologies, Inc. |
| 09/09/2025 | Date of event which requires the filing of this statement (beneficial ownership threshold met). |
| 09/09/2025 | Date for which 181,474,997 shares outstanding were reported. |
| 09/11/2025 | Date of Issuer's Registration Statement on Form S-3 filing, which disclosed the shares outstanding. |
| 09/19/2025 | Date the Schedule 13G was signed by Bitmine Immersion Technologies, Inc. |
Keywords
Eightco Holdings Inc., Bitmine Immersion Technologies, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investment, Passive Stake, SEC Filing
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