It's on the 8Co web site......
Why the investors are investing in 8Co rather than spending a few bucks and instead setting up their own company to buy Worldcoin as a treasury reserve, well, I don't know.
Eightco Holdings Secures $270M to Launch First-Ever Worldcoin Treasury Strategy
2025-09-08 08:07:12 ET
DENVER, Colo., Sep 08, 2025 ( 247marketnews.com )- Eightco Holdings (NASDAQ:OCTO) announced a landmark $270 million private placement to support the world’s first treasury strategy centered on Worldcoin (WLD), a novel crypto asset designed to verify human identity using zero-knowledge proofs. The capital raise includes a $250 million PIPE and an additional $20 million strategic investment, of nearly 13.7 million shares of common stock at $1.46 per share, from BitMine Immersion Technologies (NYSE:BMNR), the world’s largest holder of Ethereum (ETH).
The transaction was led by MOZAYYX, with participation from high-profile institutional investors including World Foundation, Pantera, Discovery Capital, Kraken, CoinFund, GSR, FalconX, Brevan Howard, and others. Notably, BitMine’s investment marks the first “Moonshot” bet under its strategy to fund Ethereum-aligned innovation.
The offering, expected to close on or around September 11, 2025, will see Eightco acquire WLD tokens as its primary treasury reserve asset, diverging from traditional strategies centered around fiat or Bitcoin. Ethereum (ETH) and cash will serve as secondary reserves. Eightco plans to rebrand its Nasdaq ticker from OCTO to ORBS, reflecting its alignment with identity and digital trust themes.
Incoming Chairman Dan Ives, a prominent tech analyst and AI expert, described the move as a significant step in the convergence of AI and human identity. “World is the internet of people,” said Ives, referring to the Worldcoin protocol’s ambition to provide Proof of Human (PoH) verification in a future dominated by artificial intelligence.
Worldcoin, co-founded by Sam Altman and Alex Blania, currently operates in over 45 countries with more than 15.9 million PoH-verified accounts, using its proprietary Orb biometric device to issue zero-knowledge credentials without storing sensitive user data on-chain.
For BitMine (BMNR), the investment extends its commitment to Ethereum. As of September 7, the firm holds 2.069 million ETH, worth over $8.9 billion, and sits as the #1 Ethereum treasury globally, second only to MicroStrategy in overall crypto reserves. Chairman Thomas Lee called Worldcoin “a critical asset in an increasingly agentic-AI world,” and emphasized Ethereum’s central role in the future of identity and finance.
This strategic realignment comes amid growing momentum for decentralized identity as AI, automation, and synthetic media raise questions around authenticity and trust. With backing from institutional capital and crypto-native leaders, Eightco is positioning itself at the forefront of this transformation. |
