Eightco Holdings Secures $250 Million Private Placement and $20 Million Investment from BitMine for Worldcoin Treasury Strategy
According to a company press release, the financing was led by MOZAYYX to acquire Worldcoin as a primary reserve asset, with its Nasdaq ticker changing to 'ORBS'.
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Fact Check
The statement is directly and consistently confirmed by multiple sources, including a primary press release from the company (Source 6) and numerous financial news outlets (Sources 2, 3, 5, 7, 13). The evidence explicitly states there was a '$250 Million Private Placement' and an 'Additional $20 Million Strategic Investment from BitMine' for a 'Worldcoin (WLD) Treasury Strategy'.
Summary
Eightco Holdings announced in a press release the completion of a $270 million private placement led by MOZAYYX. The funds will establish a treasury strategy centered on acquiring Worldcoin (WLD) as a primary reserve asset, a move linked to advancing 'Proof of Human' verification in AI. The company also appointed Dan Ives as Chairman and will change its Nasdaq ticker to 'ORBS' on September 11.
Terms & Concepts
- Worldcoin (WLD): A cryptocurrency project co-founded by Sam Altman that aims to deliver a digital identity system rooted in 'Proof of Human' verification using iris-scanning Orb devices.
- Treasury Strategy: A corporate approach to managing reserves by acquiring and holding digital assets, such as Worldcoin, on its balance sheet as a primary or secondary reserve.
- Proof of Human: A concept for a digital identity system that uses biometric verification, like iris-scanning, to confirm that a user is a unique individual.