Eightco Holdings Inc. (NASDAQ:ORBS) shares rose 1.58% in after-hours trading on Monday, extending a sharp intraday rally. The stock is also trending overnight.
What’s Possibly Driving ORBS?
This spike coincided with a rise in Ethereum’s (CRYPTO: ETH), which forms 19% of Eightco’s $134.56 million cryptocurrency treasury, according to CoinGecko.
The company secured $125 million in institutional commitments last week, including $75 million from BitMine Immersion Technologies Inc.