
PANews|Sep 10, 2025 11:34
[U.S. Publicly Listed Company Eightco Completes $270 Million Private Placement to Implement Worldcoin Treasury Strategy]
According to PR Newswire, Eightco Holdings Inc. (NASDAQ: OCTO) announced that its recently disclosed $270 million private placement has been successfully completed. The proceeds will be used to implement the Worldcoin Treasury strategy. The transaction was led by MOZAYYX, with participation from numerous institutional investors, including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, and Wedbush. BitMine Immersion (NYSE American: BMNR) invested $20 million.
The funds raised from this private placement will be used by the company to acquire and hold Worldcoin (WLD) as its treasury reserve asset, while continuing to focus on core business operations. Although the treasury may also include cash and Ethereum as secondary reserve assets, the primary focus will remain on Worldcoin.
The company also announced that its common stock trading symbol on NASDAQ will be changed to 'ORBS.'
Share To
HotFlash
APP
X
Telegram
CopyLink