Key Takeaways
- Eightco Holdings and BitMine are implementing the first-ever Worldcoin treasury strategy with a $250M private placement.
- Eightco will use WLD as its primary reserve asset, supported by Ethereum and cash.
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Eightco Holdings, a public e-commerce infrastructure firm, has secured a $250 million private placement alongside a $20 million backing from BitMine to kickstart the world’s first Worldcoin-focused treasury strategy, according to a Monday press release.
The private placement involves approximately 171 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine at the same price.
MOZAYYX led the transaction with participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, and Brevan Howard.
“I am so excited to be named Chairman of Eightco Holdings Inc. (OCTO), marking the next step in the AI revolution around authentication and Proof of Human (PoH),” said Dan Ives, newly appointed Chairman of the Board.
Discussing the initiative, Thomas “Tom” Lee, Chairman of BitMine, stated that World is a natural fit for BitMine’s Ethereum-focused strategy. He noted that World’s Proof of Human system could be vital for future-proofing trust and safety across global digital platforms.
“BitMine wants to support and back innovative projects that create value for the Ethereum network,” Lee said. “As an ERC-20 native token, World is aligned with Ethereum. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.”
The offering is expected to close around September 11, 2025, subject to Nasdaq authorization.
Eightco plans to use the proceeds to acquire WLD as its primary treasury reserve asset, with cash and Ethereum serving as secondary reserve assets. The company also intends to change its Nasdaq trading symbol to “ORBS.”
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