Eightco Holdings Inc. has completed a $270 million private placement to enhance its assets and strategically invest in Worldcoin.
Details of the Stock Placement
Eightco Holdings Inc. has closed a $270 million private placement announced earlier. The transaction was led by MOZAYYX and involved investors such as World Foundation, Discovery Capital Management, FalconX, Kraken, and others. A $20 million investment was made by BitMine Immersion.
Worldcoin's Role in the Company's Strategy
Proceeds from the placement will be used to acquire and hold Worldcoin (WLD) as a reserve asset. According to Dan Ives, the newly appointed Chairman of the Board, 'Proof of Human' is the next critical step in the AI revolution, and World is uniquely positioned to provide the needed trust solutions.
Ticker Change and Future Plans
Beginning September 11, 2025, the company's common stock ticker will change to 'ORBS'. No further action is required by shareholders concerning this ticker change.
Thus, Eightco Holdings continues to strategically enhance its assets with a focus on modern technologies and digital currencies, highlighting the growing importance of Worldcoin within their business model.
