Eightco Plans $250 Million Private Placement to Establish Worldcoin Reserve and Secures $20 Million Strategic Investment from BitMine

According to CNBC, Dan Ives, Global Head of Technology Research at Wedbush Securities, has joined a new company focused on accumulating Worldcoin (WLD). Eightco Holdings, a small company currently trading on Nasdaq under the ticker symbol "OCTO," announced on Monday that Dan Ives has been appointed Chairman of the Board. The company also announced plans for a $250 million private placement to implement a purchasing strategy centered around the WLD token and designate it as a primary reserve asset. The offering is expected to conclude around September 11, at which point the company plans to change its ticker symbol to "ORBS." On Monday, Eightco also announced that BitMine has made a $20 million strategic investment in the company, marking the launch of its "Moonshot Plan" strategy aimed at supporting innovative ideas that can enhance the Ethereum ecosystem.