Business
Eightco Holdings Inc. (OCTO) Announces $250 Million Private Placement with an Additional $20 Million Strategic Investment from BitMine (BMNR) to Initiate World's First Worldcoin (WLD) Treasury Strategy
Dan Ives, renowned technology and AI expert and Wall Street analyst, to serve as Chairman of the Board In an increasingly agentic world, World is delivering
About this update from Eightco Holdings Inc.
[{"type":"text","content":"Dan Ives, renowned technology and AI expert and Wall Street analyst, to serve as Chairman of the Board\nIn an increasingly agentic world, World is delivering critical \"Proof of Human\" (PoH)\nWorld currently has created nearly 16 million zero knowledge Proof of Human accounts in over 45 countries \n\"If we succeed on our mission, World might become the largest network of real people online, fundamentally changing how we interact and transact throughout the Internet,\" says Sam Altman\nThe transaction was led by MOZAYYX with a strategic investment from BitMine Immersion (BMNR) and participation from World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard and more\nEASTON, Pa., Sept. 8, 2025 /PRNewswire/ -- (NASDAQ: OCTO) (\"Eightco Holdings Inc.\" or the \"Company\") today announced the pricing and signing of a private placement for the purchase and sale of approximately 171,232,877 shares of common stock (or common stock equivalents in lieu thereof) at a price of $1.46 per share for expected aggregate gross proceeds of approximately $250 Million before deducting placement agent fees and other offering expenses (funded in cash) to implement the first-of-its-kind Worldcoin treasury strategy. In addition, 13,698,630 shares of common stock were issued to BitMine at $1.46 per share for total proceeds of $20 Million.\n\n \n \n \n \n \n \n\n \nThe transaction was led by MOZAYYX with participation from a premier list of institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric and Brevan Howard. An additional $20 million investment was made by BitMine Immersion (NYSE AMERICAN: BMNR).\nThe closing of the offering is expected to occur on or about September 11, 2025, subject to the satisfaction of customary closing conditions, including without limitation, the authorization of NASDAQ. The Company intends to use the net proceeds of the offering to acquire WLD for the Company's treasury operations. Worldcoin will serve as the Company's primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to \"ORBS\", which is expected to take effect on September 11, 2025.\n\"I am so excit...