Dan Ives Leaves Wedbush to Launch New Merchant Bank
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
0mins
Source: CNBC
- Career Transition: After eight years at Wedbush Securities, Dan Ives is launching a modern merchant bank that aims to integrate research, advisory, capital raising, and investing, marking a significant career pivot.
- Focus on AI: The new bank will concentrate on capitalizing on opportunities created by artificial intelligence and other structural shifts, demonstrating Ives' keen insight into future market trends and potential.
- Diverse Services: Ives' firm plans to offer proprietary research, strategic advisory, capital raising, and investments across sectors including technology, energy, and financials, showcasing a broad industry coverage capability.
- Ongoing Research Role: Despite his transition to banking, Ives intends to continue covering technology stocks in a research capacity, indicating his ongoing commitment and focus on the tech sector.
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About ORBS
Eightco Holdings Inc., through its subsidiary, Forever 8 Fund, LLC, operates as an inventory capital and management platform for e-commerce sellers. Forever 8 Fund, LLC (Forever 8) is an e-commerce fintech company that provides funding solutions for e-commerce businesses. Forever 8 provides funding solutions for e-commerce businesses, which sell on Amazon, Shopify and other online platforms. Forever 8 uses proprietary technology to review product sales data and determine funding potential for online retail entrepreneurs around the world. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Strong Financial Position: Bitmine's total assets, including cryptocurrencies, cash, and marketable securities, amount to $11.1 billion, comprising 5.74 million ETH tokens and $527 million in cash, showcasing its robust financial foundation.
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- Target Achievement: Within just 12 months, Bitmine has reached 95% of its “Alchemy of 5%” goal, demonstrating success in its cryptocurrency investment strategy, which may attract more institutional investors' interest.
- Listing Information: Bitmine's Series A preferred shares will be traded on the NYSE under the symbol BMNP starting June 26, 2026, providing the company with increased capital inflow and market visibility.
- Portfolio Overview: Bitmine's total cryptocurrency, cash, and “Moonshots” value amounts to $11.1 billion, including 5.74 million ETH and $527 million in tradable securities, showcasing its strong financial position and market potential.
See More
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- Rapid Growth: Over the past 12 months, Bitmine has achieved 95% of its 'Alchemy of 5%' goal, demonstrating its swift expansion in the Ethereum staking sector, which may further enhance its market share and influence.
- Listing Performance: Bitmine was included in the Russell 1000 Large-cap Index on June 26, 2026, increasing its visibility in capital markets and is expected to draw more institutional investor attention.
- Diversified Asset Portfolio: Bitmine's total asset value reaches $11.1 billion, including 5.74 million ETH tokens and $527 million in liquid assets, showcasing its diversified investment strategy across crypto assets and traditional securities.
See More
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- Massive Asset Value: Bitmine's total assets, including cryptocurrencies, liquid funds, and tradable securities, amount to $11.1 billion, comprising 5.74 million ETH and $527 million in liquid assets, reflecting its strong financial strength and market competitiveness.
- Institutional Investor Support: Bitmine has garnered backing from top institutional investors, including Cathie Wood of ARK and Pantera, aiming to achieve its long-term goal of holding 5% of total ETH, which not only enhances its market credibility but may also attract more investor attention.
- Inclusion in Russell 1000 Index: Bitmine was added to the Russell 1000 large-cap index on June 26, 2026, a move that boosts its market visibility and liquidity, potentially driving stock price increases and attracting more institutional investors.
See More
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- Market Position Enhancement: Over the past 12 months, Bitmine has achieved 95% of its goal to acquire 5% of the ETH market share, further solidifying its status as a leading Ethereum staking platform.
- Strong Financial Position: Bitmine's total assets, including cryptocurrencies, cash, and marketable securities, amount to $11.1 billion, comprising 5.74 million ETH tokens and $527 million in cash, showcasing its robust financial foundation.
- Institutional Investor Support: Backed by prominent investors like Cathie Wood from ARK, Bitmine's potential and appeal in the cryptocurrency market are underscored, further advancing its long-term investment strategy.
See More
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- Total Asset Value Surges: The company's total assets, including cash and other cryptocurrencies, have reached $11.1 billion, reflecting successful investments and strategic positioning in the crypto market.
- Staking Investment Advantage: With 4,879,157 ETH staked, valued at approximately $8.8 billion, Bitmine plays a crucial role in the Ethereum ecosystem while providing investors with a stable source of returns.
- Institutional Investor Support: Backed by notable institutional investors, including Cathie Wood of ARK, Bitmine's market confidence is bolstered, providing strong financial support to achieve its goal of acquiring 5% of ETH.
See More
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- Significant ETH Holdings: Bitmine currently holds 4.8% of the total ETH supply, approximately 120.7 million ETH, establishing its significant position in the crypto market and laying the groundwork for future investment growth.
- Strong Shareholder Base: Bitmine's investors include top institutional players like ARK's Cathie Wood, MOZAYYX, and Founders Fund, enhancing market confidence and capital support to achieve its goal of acquiring 5% of ETH.
- Total Cash and Marketable Securities: Bitmine's Crypto+ total cash and marketable securities, along with 'moonshots', amount to $11.1 billion, including 5.74 million ETH tokens and $527 million in cash and marketable securities, showcasing its robust financial strength.
- Inclusion in Russell 1000 Index: Bitmine was added to the Russell 1000 Large-cap index on June 26, 2026, boosting its market visibility and liquidity, thereby attracting further interest from institutional investors.
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