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5d ago

Eightco Names Dan Ives Chair, Raises $250 Million to Make Worldcoin Its Treasury Asset

The company is betting on proof‑of‑human identity infrastructure as a strategic pillar for the AI era.

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Tom Lee's BitMine and Eightco partner on first-ever Worldcoin treasury
Photo: Jon Kopaloff/Getty Images for Eightco Holding
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Overview

  • Eightco said it will adopt Worldcoin’s WLD as its primary treasury reserve in what it calls the first publicly announced corporate WLD treasury strategy, with cash and Ethereum as secondary assets.
  • The company disclosed a $250 million private placement priced at $1.46 per share for about 171 million shares, plus 13.7 million shares to BitMine at the same price.
  • BitMine Immersion Technologies committed a separate $20 million strategic investment, describing World as aligned with its Ethereum-focused thesis.
  • The offering is expected to close around Sept. 11 pending Nasdaq authorization, after which Eightco plans to change its ticker from OCTO to ORBS.
  • Shares of Eightco jumped more than 1,000% in pre‑market trading after the announcement, and Worldcoin’s token rose sharply, with some reports citing gains of up to about 41%.