Eightco Holdings Inc. has announced the closing of a $270 million private placement aimed at implementing a unique strategy of utilizing Worldcoin as a reserve asset.
Closing of the Private Placement
On September 10, 2025, Eightco Holdings Inc. (NASDAQ: OCTO) announced the closing of a $270 million private placement to fund its treasury strategy involving Worldcoin. The transaction was primarily led by MOZAYYX with participation from several institutional investors.
Worldcoin Investment Strategy
The primary goal of utilizing the proceeds is to acquire and hold Worldcoin (WLD) as its reserve asset. Additionally, the strategy may include holding cash and Ethereum (ETH) as secondary reserve assets. Dan Ives, the newly appointed Chairman, stated that 'Proof of Human' from World is a vital step in the AI evolution, providing the necessary trust and verification. 'If we succeed in our mission, World might become the largest network of real people online,' said Sam Altman (CITE_W_A).
Ticker Symbol Change
The company announced a change to its stock ticker symbol to 'ORBS,' effective September 11, 2025. This change will not impact shareholder rights and requires no action from shareholders.
The closing of Eightco Holdings Inc.'s private placement underscores the growing interest in Worldcoin and confirms the company's intent to integrate new technologies to enhance digital identities and increase the security of online transactions.
