Eightco completes $270 million private placement to implement Worldcoin funding strategy
2025-09-10 11:37:58
Eightco Holdings Inc. (NASDAQ: OCTO) announced that its recently announced $270 million private placement has been successfully completed, and the proceeds will be used to implement the Worldcoin vault strategy. The transaction was led by MOZAYYX and involved a number of institutional investors, including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush, and others. BitMine Immersion (NYSE: BMNR) invested $20 million. The proceeds from the private placement will be used to acquire and hold Worldcoin (WLD) as its vault reserve asset, while continuing to focus on core business operations. While the vault may also hold cash and Ethereum as secondary reserve assets, the focus will be on Worldcoin. The company also announced that its common stock trading symbol on Nasdaq will be changed to "ORBS".
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