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Tom Lee: Bitmine has achieved a single-day realized gain of $940 million through an OCTO investment transaction
BlockBeats News, September 9th, BitMine's Board Chairman Tom Lee posted on social media that as part of BitMine's "Lunar Landing Plan" strategy, Bitmine (BMNR) acquired 13 million shares of OCTO at a price of $1.46 per share, with a total investment of $20 million.
At the time of writing, Eightco Holdings (OCTO) surged by 4834.83% intraday, with a stock price of $71.56, an increase of $70.1 for the day. This means that Bitmine's 13 million shares of OCTO are currently worth $960 million, with a paper profit of $940 million in this OCTO investment transaction. At the time of writing, only 6 hours have passed since the related announcement.
BlockBeats previously reported that Eightco Holdings announced a $250 million private placement this afternoon and received a $20 million strategic investment from Bitmine to launch the world's first Worldcoin (WLD) treasury strategy. The company's closing price on the previous trading day (September 5th) was only $1.45, with a market value of only $4.4149 million.
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