Form 4: Bitmine Boosts Eightco Stake with $77M Share Purchase

Bitmine Immersion Technologies, Inc., a 10% owner and director, acquired over 86 million shares of Eightco Holdings Inc. common stock in an open market transaction.

Summary

• Bitmine Immersion Technologies, Inc. (the "Reporting Person") acquired 86,956,513 shares of Eightco Holdings Inc. (ORBS) common stock.
• The transaction occurred on March 12, 2026, through open market purchases.
• The weighted average purchase price for the shares was $0.886 per share, with prices ranging from $0.881 to $0.920 per share.
• The total approximate value of the shares acquired is $77,090,000.
• Following this transaction, the Reporting Person beneficially owns a total of 100,655,143 shares of Eightco Holdings Inc. common stock.
• The Reporting Person is identified as both a Director and a 10% Owner of Eightco Holdings Inc.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a highly positive signal. The substantial open market purchase by a significant insider (10% owner and director) suggests strong confidence in the company's value and future performance.

Positives

• A significant open market purchase by a 10% owner and director, Bitmine Immersion Technologies, Inc., signals strong confidence in Eightco Holdings Inc.'s current valuation and future prospects.
• The substantial increase in beneficial ownership by an insider can be interpreted as a positive indicator for other investors, suggesting potential undervaluation or anticipated positive developments.

Future Outlook

This Form 4 filing is a report of a past transaction and does not contain explicit forward-looking statements or guidance from Eightco Holdings Inc. or Bitmine Immersion Technologies, Inc.

Management Comments

• Chi Tsang, Chief Executive Officer of Bitmine Immersion Technologies, Inc., signed the Form 4, confirming the reported transaction.

Industry Context

StockSavvy.ai notes that significant insider buying, particularly by a 10% owner and director, often signals strong conviction in the company's future prospects. Such transactions can be interpreted by the market as a belief that the stock is undervalued or that positive catalysts are on the horizon, potentially influencing investor sentiment positively.

Related Party Transactions

• The acquisition of 86,956,513 shares of Eightco Holdings Inc. common stock by Bitmine Immersion Technologies, Inc. constitutes a related party transaction, as Bitmine Immersion Technologies, Inc. is a 10% owner and director of Eightco Holdings Inc.

Stakeholder Impact

• Shareholders: May view the significant insider buying as a strong vote of confidence, potentially leading to increased investor interest and positive share price movement.
• Management: The transaction reinforces alignment between a significant owner/director and the company's performance.

Key Dates

Recommendation

The substantial open market purchase by a 10% owner and director, Bitmine Immersion Technologies, Inc., signals strong confidence in Eightco Holdings Inc.'s valuation and future prospects. This significant insider buying often precedes positive company developments or indicates a belief that the stock is currently undervalued, making it a compelling 'buy' signal for seasoned investors.

Keywords

Eightco Holdings Inc., ORBS, Bitmine Immersion Technologies, Insider Buying, Form 4, Beneficial Ownership, Stock Purchase, Equity Acquisition, 10% Owner, Director