Bitmine has achieved a single-day profit of US$940 million through OCTO investment transactions

On September 9th, BitMine Chairman Tom Lee announced via social media that BitMine (BMNR) had completed a strategic investment in Eightco Holdings (OCTO), a key component of BitMine's "Moonshot" strategy. The company acquired 13.7 million shares of OCTO at $1.46 per share, for a total investment of $20 million.

OCTO's stock price quickly responded to the announcement, significantly boosting market sentiment. As of press time, Eightco Holdings (OCTO) had seen an intraday surge of 4834.83%, closing at $71.56, a single-day gain of $70.1.

This dramatic move increased the market value of BitMine's 13.7 million shares of OCTO to approximately $960 million. This means that within just six hours of the official announcement, BitMine had realized a paper profit of approximately $940 million, representing an astonishing return on investment.

BlockBeats previously reported that Eightco Holdings announced the launch of a $250 million private placement that afternoon, securing a $20 million strategic investment from BitMine.

The company stated that the funds will be used to advance the implementation of the world's first Worldcoin (WLD) treasury strategy. Notably, on the previous trading day, September 5th, OCTO's closing price was only $1.45, and the company's total market capitalization was only $4.4149 million.

The announcement of this strategic investment has clearly boosted market confidence, driving explosive growth in its stock price and market capitalization.