Overview

• Eightco completed a $270 million private placement led by MOZAYYX, with a $20 million strategic investment from BitMine, to acquire Worldcoin as its principal reserve asset while holding cash and Ethereum as secondary reserves.
• Nasdaq will change Eightco’s ticker from OCTO to ORBS on September 11, and the company said no other corporate actions will affect existing shareholder rights.
• Institutional participants cited by the company include the World Foundation, Discovery Capital Management, Kraken, Pantera, GSR, CoinFund and Brevan Howard.
• Eightco’s shares saw extreme volatility earlier in the week, spiking more than 3,000% intraday from the prior close before retracing, according to market data reported by Forbes.
• Worldcoin’s price roughly doubled into the $1.8–$2 range with a market cap near $3.6–$3.8 billion, as analysts flagged regulatory, custody and token-emissions risks and on-chain trackers noted some large holders taking profits.