Particle.news
Download on the App Store
35 ARTICLES
·
3d ago

Eightco Unveils $250 Million Worldcoin Treasury Plan, Names Dan Ives as Chairman

Backers cast the move as a bet that World’s proof‑of‑human identity layer will anchor authentication in an AI‑driven internet.

Image
Worldcoin breaks out of bullish pattern, rallies 11% - Is $1.5 next?
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

Overview

  • Eightco arranged a private placement at $1.46 per share for roughly 171.2 million shares, plus about 13.7 million shares to BitMine at the same price, and plans to change its Nasdaq ticker to ORBS when the deal closes.
  • BitMine Immersion Technologies committed a $20 million strategic investment, with chairman Tom Lee describing World’s zero‑knowledge Proof of Human credential as critical to future trust and safety online.
  • The company says Worldcoin (WLD) will be its primary treasury reserve asset, with cash and Ethereum serving as secondary holdings.
  • Market reaction was extreme, with Eightco (OCTO) soaring nearly 3,000% intraday and WLD jumping roughly 40%–50%.
  • The offering is expected to close around Sept. 11 pending Nasdaq authorization, and the World project continues to face regulatory and privacy scrutiny in multiple jurisdictions.