Eightco Holdings Inc. Completes $270 Million Private Placement for Worldcoin Treasury Strategy
Eightco Holdings Inc. recently achieved a significant milestone with the completion of a $270 million private placement aimed at supporting the treasury strategy for Worldcoin (WLD). This strategic move comes as the company seeks to implement groundbreaking identity verification solutions to meet the demands of an increasingly automated world.
Dan Ives, a well-known figure in technology and artificial intelligence analysis on Wall Street, has been appointed as the Chairman of the Board for Eightco Holdings. Ives emphasized the importance of Worldcoin’s initiatives, stating, "Human identity verification is the crucial next step in the AI revolution, and World is uniquely positioned to provide the trust and authentication needed as AI becomes more integrated into all facets of our lives."
The funding round was led by MOZAYYX, with strategic investments from several prominent institutional investors including BitMine Immersion (NYSE AMERICAN BMNR), World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, and several others. The investment from BitMine Immersion alone totaled $20 million, demonstrating strong confidence in Worldcoin's potential and mission.
Worldcoin is pioneering the 'Proof of Humanity' (PoH) concept, which proposes a new way to verify online identity without storing personal information on the blockchain. The innovative and patented iris-scanning technology, known as Orb, is at the core of this initiative, designed to respond to future security and identity challenges by providing a universally reliable digital identity solution.
As part of this initiative, the company also announced that its common stock ticker symbol on Nasdaq would change to "ORBS" effective September 11, 2025. This change reflects the company’s commitment to its new strategy and may bolster investor interest without impacting current shareholder rights.
Eightco holds a unique position with its strategic focus on expanding its portfolio of technological solutions in the e-commerce ecosystem. It operates through its subsidiaries, Forever 8—a platform dedicated to inventory management and financing for e-commerce vendors—and Ferguson Containers, Inc., which provides integrated manufacturing and logistics solutions for product and packaging needs.
With its innovative strategies and efficient execution, Eightco aims to generate substantial growth and value for its shareholders. As the company embarks on its new journey towards redefining online identity verification, it invites public interest and investor confidence, setting ambitious goals in the evolving landscape of digital transactions.
In conclusion, Eightco Holdings not only seals a significant financial milestone through its private placement but also positions itself as a frontrunner in the quest for secure, reliable identity verification amidst the rapid advancement of artificial intelligence and automated systems. Investors and potential stakeholders are encouraged to stay informed about the company's progress and future strategic initiatives.
For more information, follow Eightco Holdings on social media: Twitter and IAM Human Orbs.
This announcement also serves as a reminder of the gravity of transparency and accountability in financial dealings, aligning with Eightco’s commitment to responsible corporate growth. As always, it’s essential for stakeholders and investors to consult relevant legal guidance when evaluating such opportunities.
Media Contacts
Graubard Miller
Legal Advisor to Company
Winston Strawn LLP
Legal Advisor to MOZAYYX
Lucosky Brookman LLP
Legal Advisor to Placement Agent
RF Lafferty & Co. Inc.
Exclusive Placement Agent
The offering and sale of the securities mentioned were made through a private placement under the exemption provided by the Securities Act of 1933. Therefore, these securities may not be offered or sold within the US without effective registration or an applicable exemption.
For further insights and updates, stay tuned to our channels as we explore the future of identity verification and the role of Eightco Holdings in shaping that landscape.
Dan Ives, a well-known figure in technology and artificial intelligence analysis on Wall Street, has been appointed as the Chairman of the Board for Eightco Holdings. Ives emphasized the importance of Worldcoin’s initiatives, stating, "Human identity verification is the crucial next step in the AI revolution, and World is uniquely positioned to provide the trust and authentication needed as AI becomes more integrated into all facets of our lives."
The funding round was led by MOZAYYX, with strategic investments from several prominent institutional investors including BitMine Immersion (NYSE AMERICAN BMNR), World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, and several others. The investment from BitMine Immersion alone totaled $20 million, demonstrating strong confidence in Worldcoin's potential and mission.
Worldcoin is pioneering the 'Proof of Humanity' (PoH) concept, which proposes a new way to verify online identity without storing personal information on the blockchain. The innovative and patented iris-scanning technology, known as Orb, is at the core of this initiative, designed to respond to future security and identity challenges by providing a universally reliable digital identity solution.
As part of this initiative, the company also announced that its common stock ticker symbol on Nasdaq would change to "ORBS" effective September 11, 2025. This change reflects the company’s commitment to its new strategy and may bolster investor interest without impacting current shareholder rights.
Eightco holds a unique position with its strategic focus on expanding its portfolio of technological solutions in the e-commerce ecosystem. It operates through its subsidiaries, Forever 8—a platform dedicated to inventory management and financing for e-commerce vendors—and Ferguson Containers, Inc., which provides integrated manufacturing and logistics solutions for product and packaging needs.
With its innovative strategies and efficient execution, Eightco aims to generate substantial growth and value for its shareholders. As the company embarks on its new journey towards redefining online identity verification, it invites public interest and investor confidence, setting ambitious goals in the evolving landscape of digital transactions.
In conclusion, Eightco Holdings not only seals a significant financial milestone through its private placement but also positions itself as a frontrunner in the quest for secure, reliable identity verification amidst the rapid advancement of artificial intelligence and automated systems. Investors and potential stakeholders are encouraged to stay informed about the company's progress and future strategic initiatives.
For more information, follow Eightco Holdings on social media: Twitter and IAM Human Orbs.
This announcement also serves as a reminder of the gravity of transparency and accountability in financial dealings, aligning with Eightco’s commitment to responsible corporate growth. As always, it’s essential for stakeholders and investors to consult relevant legal guidance when evaluating such opportunities.
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Media Contacts
Graubard Miller
Legal Advisor to Company
Winston Strawn LLP
Legal Advisor to MOZAYYX
Lucosky Brookman LLP
Legal Advisor to Placement Agent
RF Lafferty & Co. Inc.
Exclusive Placement Agent
The offering and sale of the securities mentioned were made through a private placement under the exemption provided by the Securities Act of 1933. Therefore, these securities may not be offered or sold within the US without effective registration or an applicable exemption.
For further insights and updates, stay tuned to our channels as we explore the future of identity verification and the role of Eightco Holdings in shaping that landscape.
Topics Financial Services & Investing）
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