Overview

• Eightco announced a $250 million private placement to acquire World (WLD) as its primary treasury reserve, with cash and Ethereum designated as secondary assets.
• Dan Ives, Wedbush’s global head of technology research, was appointed board chair to lead the strategy and said he views World as a de facto standard for future authentication.
• BitMine, chaired by Tom Lee, committed a $20 million strategic investment to support Eightco’s WLD-focused treasury initiative.
• The financing terms include roughly 171 million shares at $1.46 per share plus 13.7 million shares to BitMine at the same price, led by MOZAYYX with participation from several institutional investors.
• The offering is expected to close around September 11 subject to Nasdaq authorization, with a planned ticker change to ORBS, and OCTO shares jumped about 1,000% in pre-market trading after the announcement, according to Yahoo Finance.