Eightco Holdings Completes $270 Million Private Placement for Worldcoin Treasury Strategy

Eightco Holdings Completes $270 Million Private Placement

In a landmark development in the cryptocurrency landscape, Eightco Holdings Inc. (NASDAQ: OCTO) announced the successful closure of a $270 million private placement. This initiative marks the first of its kind Treasury strategy centered around Worldcoin (WLD), a groundbreaking cryptocurrency designed to address the pressing issues of identity verification and trust in a rapidly advancing digital world.

The chair of the board, Dan Ives, a well-renowned technology and AI analyst from Wall Street, expressed enthusiasm over the movement towards integrating the Proof of Human (PoH) model into everyday digital transactions. "As we embrace a more agent-driven world, Worldcoin stands at the forefront, potentially transforming the way we interact online," Ives commented.

The closure of this funding round was facilitated by MOZAYYX with significant backing from prominent investors including BitMine Immersion (BMNR), World Foundation, Discovery Capital Management, FalconX, Kraken, Pantera, GSR, Coinfund, and Brevan Howard, among others. The strategic investment of $20 million from BitMine Immersion showcases the growing confidence in innovative financial models that leverage digital assets to create value.

In the words of Sam Altman, a key figure behind Worldcoin, "If we succeed in our mission, World will evolve into the largest network of real people on the internet, fundamentally changing how we transact and engage online.” This ambitious statement reflects the core objective of Worldcoin: to develop a trustworthy digital identity system utilizing advanced technologies that ensure security without compromising personal information.

The capital raised will predominantly be allocated towards acquiring Worldcoin as a primary reserve asset, ensuring a robust Treasury for Eightco while continuing to focus on its core operations. Although the company may diversify with secondary reserve assets like cash and Ethereum (ETH), Worldcoin will be the primary focus.

In a significant update, Eightco also announced a change in the Nasdaq trading symbol for its common stock to “ORBS.” Share trades under this new ticker will commence on September 11, 2025, with no impact on shareholders concerning their rights or actions needed in relation to the ticker change.

At the heart of Worldcoin’s value proposition lies its Zero-Knowledge Proof-of-Human (ZK PoH) technology, which ensures that personal data does not reside on the blockchain, thus enhancing privacy and security. The Orb hardware, integral to this system, verifies unique individuals, ensuring equitable token distributions and creating a trusted framework for online interactions. This innovative infrastructure is set to establish World as the premier verification platform for consumers globally.

Eightco's commitment to this ambitious project highlights its strategic vision for future growth. RF Lafferty Co., Inc. acted as the exclusive placement agent, while Cantor Fitzgerald & Co. provided financial advisory services for MOZAYYX, and Moelis & Company LLC served as financial consultant for BitMine Immersion.

This press release is not an offer to sell or a solicitation to buy any securities, nor shall there be any sale of these securities in any jurisdiction where such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction.

About Eightco Holdings Inc.

Eightco Holdings Inc. is dedicated to enhancing the growth of its subsidiaries through strategic management and investments. It encompasses various entities, such as Forever 8, a management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of comprehensive solutions in product manufacturing. With ambitions to expand its portfolio and innovatively engage in e-commerce technology, Eightco strives to create significant value and growth for its shareholders.

To learn more about Eightco and its subsidiaries, visit Eightco Holdings on X.