Eightco Secures $270M Backing for First Worldcoin Treasury

Eightco Holdings is undergoing a major strategic shift by raising $250 million through a private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset, supported by a $20 million investment from BitMine Immersion Technologies. This initiative marks the launch of the world's first Worldcoin treasury reserve strategy, with cash and Ethereum as secondary reserves, signaling a growing trend of Digital Asset Treasury Companies on Wall Street. The financing, led by MOZAYYX and involving notable investors such as Cantor Fitzgerald and Pantera, aims to capitalize on the emerging altcoin season driven by institutional treasury activities. Eightco has appointed tech analyst Dan Ives as chairman, highlighting the company's commitment to integrating AI-driven authentication technologies like Worldcoin’s Proof of Human system, which is seen as vital for future digital trust and safety. BitMine, chaired by Tom Lee, supports this move as part of its broader Ethereum-centric expansion strategy, emphasizing Ethereum's long-term potential. Eightco will also change its Nasdaq ticker to "ORBS" to better reflect its new focus on crypto asset treasury management.