Eightco Stock Is Trending Overnight After Popping 34% On Monday — What's Going On With With Ethereum Hodler ORBS?

Eightco Holdings Inc. (NASDAQ: ORBS) saw its stock rise 34.13% to $1.10 during regular trading and an additional 1.58% in after-hours trading to $1.12. This surge is attributed to a rise in Ethereum, which constitutes 19% of the company's $134.56 million cryptocurrency treasury. Additionally, Eightco secured $125 million in institutional commitments, including $75 million from BitMine Immersion Technologies Inc., and appointed Tom Lee to its board while Dan Ives stepped down as Chairman.