Immersion Technologies, Inc. Bitmine, a 10% owner of Eightco Holdings Inc. (ORBS), acquired a significant stake in the company on March 12, 2026. The entity purchased 86,956,513 shares at a price of $0.89 per share, representing a total investment of approximately $77.39 million.
This substantial acquisition by a major shareholder comes at a time when large insider purchases are often interpreted as a strong signal of confidence in a company's future performance. The transaction underscores Immersion Technologies, Inc. Bitmine's commitment to Eightco Holdings Inc.
The specific motivations behind such a large investment are not detailed, but it represents a significant financial commitment to the company's trajectory.