SCHEDULE: Bitmine Immersion Boosts Eightco Stake, Adds Director

Bitmine Immersion Technologies has significantly increased its stake in Eightco Holdings Inc. to 31.94% and committed to a $75 million investment, with its Executive Chairman joining Eightco's board.

Summary

• BITMINE IMMERSION TECHNOLOGIES, INC. (the "Reporting Person") has reported beneficial ownership of 100,655,143 shares of Eightco Holdings Inc. (the "Issuer") Common Stock, representing 31.94% of the class.
• This ownership includes 13,698,630 shares acquired via a Securities Purchase Agreement dated September 8, 2025, and 86,956,513 shares acquired through open market purchases.
• The Reporting Person committed on March 11, 2026, to purchase additional shares of Common Stock for an aggregate price of not less than $75,000,000, funded by its general working capital.
• Thomas Lee, Executive Chairman of Bitmine Immersion Technologies, was appointed to Eightco Holdings Inc.'s Board of Directors on March 10, 2026.
• The Reporting Person's principal business is to maximize ETH per share and advance the Ethereum ecosystem through strategic treasury management and native protocol participation.
• The shares were acquired for investment purposes, and the Reporting Person may make additional purchases or dispose of some or all of the Common Stock in the future.

Sentiment

Score: 8

Explanation: StockSavvy.ai views this as a strong positive development for Eightco Holdings Inc., given the substantial investment commitment and the strategic alignment indicated by the significant stake and board appointment from a company focused on the Ethereum ecosystem.

Positives

• A significant strategic investor, Bitmine Immersion Technologies, has increased its stake in Eightco Holdings Inc. to 31.94%, demonstrating strong confidence.
• Eightco Holdings Inc. has secured an investment commitment of at least $75,000,000 from Bitmine Immersion Technologies, providing a substantial capital infusion.
• The appointment of Thomas Lee, Executive Chairman of Bitmine Immersion Technologies, to Eightco's Board of Directors suggests enhanced strategic alignment and potential for synergistic collaboration.

Risks

• The Reporting Person reserves the right to dispose of some or all of its Common Stock holdings, which could impact the Issuer's share price.
• Future investment decisions by the Reporting Person are subject to various factors including the Issuer's business, prospects, financial condition, market conditions, and general economic conditions, introducing uncertainty.

Future Outlook

Bitmine Immersion Technologies acquired the shares for investment purposes and may make additional purchases of Eightco Holdings Inc.'s securities or dispose of some or all of its holdings, depending on various market and company-specific conditions. The Reporting Person reserves the right to review, reconsider, and change its position or plans at any time.

Industry Context

StockSavvy.ai notes that Bitmine Immersion Technologies' stated business focus on maximizing ETH per share and advancing the Ethereum ecosystem suggests a strategic interest in companies that may align with or benefit from the cryptocurrency and blockchain sectors. This significant investment and board representation in Eightco Holdings Inc. could indicate a move to integrate or leverage Eightco's operations within the broader digital asset or technology infrastructure landscape, potentially signaling a strategic pivot or expansion for Eightco.

Management Changes

Corporate Governance

Related Party Transactions

• The appointment of Thomas Lee, Executive Chairman of Bitmine Immersion Technologies, to the Board of Directors of Eightco Holdings Inc. creates a direct relationship between the Reporting Person and the Issuer's governance structure.

Stakeholder Impact

• Shareholders: The significant investment and board appointment by Bitmine Immersion Technologies could be seen as a positive signal, potentially increasing confidence and share value. However, the Reporting Person's right to dispose of shares introduces potential future volatility.
• Management: The addition of a director representing a major investor may influence strategic decisions and corporate direction.

Next Steps

• Bitmine Immersion Technologies may make additional purchases of Eightco Holdings Inc.'s securities.
• Bitmine Immersion Technologies may dispose of some or all of its Common Stock holdings.
• Bitmine Immersion Technologies will continue to review, reconsider, and potentially change its investment position and plans regarding Eightco Holdings Inc.

Key Dates

Keywords

Eightco Holdings Inc., BITMINE IMMERSION TECHNOLOGIES, Schedule 13D, Common Stock, Investment, Shareholder Stake, Board Appointment, Capital Commitment, Ethereum Ecosystem