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20h ago

Eightco Taps Dan Ives as Chair, Raises $250 Million to Build Worldcoin Treasury

Closing is targeted for Sept. 11 pending Nasdaq authorization.

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Worldcoin Treasury push sparks 100% price gains, but how far is the ATH now?
Tom Lee's BitMine and Eightco partner on first-ever Worldcoin treasury
Photo: Jon Kopaloff/Getty Images for Eightco Holding

Overview

  • The company plans to make Worldcoin (WLD) its primary reserve asset, with Ethereum and cash as secondary holdings.
  • The private placement comprises about 171 million shares at $1.46 each plus 13.7 million shares issued to BitMine, in a round led by MOZAYYX with participation from World Foundation, Pantera, Kraken, FalconX, Brevan Howard and others.
  • BitMine Immersion Technologies committed $20 million as a strategic investment as part of its Ethereum-focused Moonshot initiative.
  • Eightco said it will change its Nasdaq ticker to ORBS once the transaction closes.
  • Markets moved sharply on the news, with OCTO jumping roughly 3,000% by the close after an intraday spike and WLD rising more than 25%.