Dan Ives Is Stepping Down as Eightco Chairman -- Barrons.com

Dow Jones03-12

By Angela Palumbo

Eightco Holdings announced Thursday that Dan Ives is stepping down as chairman of the company, whose shares have fallen more than 90% in recent months.

Ives, a prominent tech analyst at Wedbush, was named chairman of the digital currency treasury firm last September.

As part of the transition, Eightco announced $125 million in new funding commitments, including $75 million from BitMine, a digital asset company chaired by cryptocurrency bull Tom Lee. Cathie Wood's Ark Invest and Payward, the parent company of crypto platform Kraken, have also committed $25 million each.

Tom Lee is joining the company's board of directors.

Shares of Eightco were up 22%, to 99 cents, on Thursday morning.

"I am so excited about this next chapter for ORBS," Ives said in a statement. "The combination of Tom Lee, ARK Investment Management, Cathie Wood and CEO Kevin O'Donnell is the perfect team in my view to take the strategic vision next level."

Wedbush declined to comment.

In late January, Barron's published a cover story on Ives's overlapping roles in the world of technology and their potential to create conflicts of interest with his role as a sell-side analyst.

Write to Angela Palumbo at angela.palumbo@dowjones.com

This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.

(END) Dow Jones Newswires

March 12, 2026 09:46 ET (13:46 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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