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

Eightco Holdings Completes $270 Million Private Placement

Eightco Holdings Inc. (NASDAQ: OCTO) has officially closed a $270 million private placement, marking a significant milestone in its strategy to support Worldcoin's treasury initiatives. The move is part of the company's broader vision to establish World as a pivotal player in the digital identity verification space.

The private placement attracted substantial interest, led by the investment firm MOZAYYX, with contributions from prominent institutional investors including World Foundation, Discovery Capital Management, and several others. Notably, BitMine Immersion (NYSE AMERICAN: BMNR) invested $20 million as part of this strategic financing, showcasing the confidence the market has in Worldcoin and its future potential.

Dan Ives, a well-respected Wall Street analyst and expert in technology and artificial intelligence, has been appointed as the Chairman of the Board of Eightco Holdings. Ives expressed enthusiasm regarding the private placement, stating, "Since announcing our private placement, we have seen tremendous interest in OCTO and Worldcoin. The Proof of Humanity (PoH) is a fundamental next step in the revolution of artificial intelligence, and World positions itself to provide the trust, verification, and authentication that our increasingly digital world requires."

Worldcoin aims to create a system of Proof of Humanity utilizing zero-knowledge technology to ensure personal human data doesn’t get stored on the blockchain. The irises’ scanning technology used by World aims to address future challenges in security and identity. This innovative approach will provide a pathway to universally reliable digital identities, forming the backbone for future trust, verification, and online economic exchanges.

The funds from the private placement will specifically be used to acquire and hold Worldcoin (WLD) as a treasury reserve asset while maintaining focus on core business operations. Although the treasury may also hold cash and Ethereum (ETH) as secondary reserve assets, Worldcoin will be the primary focus moving forward.

In addition, Eightco Holdings announced that its stock ticker on Nasdaq will change to "ORBS", effective September 11, 2025. Shareholders will not need to take any action regarding this ticker change, and there will be no actions affecting shareholders' rights related to the common shares outstanding.

The incorporation of World’s Orb hardware represents an innovative approach to human uniqueness verification, equitable token distribution, and reliable digital identity systems. World is poised to become the leading verification platform for consumers across the globe.

RF Lafferty & Co., Inc. acted as the exclusive placement agent for this private offering, while Cantor Fitzgerald & Co. served as the financial advisor for the anchor investor, MOZAYYX. Furthermore, various financial and legal advisors supported the transaction, ensuring compliance and oversight throughout the process.

In conclusion, this private placement aligns with Eightco Holdings’ commitment to evolving its subsidiaries, including rental platforms for e-commerce and comprehensive production solutions. By focusing on technological innovation and strategic acquisitions, Eightco aims to deliver significant value and growth to its shareholders and the broader e-commerce ecosystem. For more details and updates, Eightco investors can follow the company on social media and their official website.