Eightco Holdings has announced the successful raise of $270 million to implement the first public treasury strategy based on Worldcoin, marking a significant development for the cryptocurrency.
Eightco Secures $270M for Treasury Strategy
Eightco Holdings has successfully raised $270 million for a new treasury strategy centered on Worldcoin. The initiative received backing from major institutional investors, including Pantera, Kraken, and World Foundation.
Surge in Worldcoin's Value After Announcement
Following the announcement, Worldcoin's price surged by 122%, indicating strong market interest. Eightco's stock also saw a significant increase, reflecting investor confidence.
Comparison with MicroStrategy's BTC Moves
This initiative recalls the early decisions of MicroStrategy to acquire Bitcoin as a treasury reserve. Analysts anticipate that the adoption of Worldcoin and PoH technology could drive increased interest in decentralized identity and governance tokens.
The treasury strategy initiated by Eightco Holdings marks a new chapter in the use of digital assets like Worldcoin, reshaping the conventional approach to digital finance management.
