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
Eightco Holdings Inc. (NASDAQ: OCTO) has announced a significant private placement of approximately 171.2 million shares at $1.46 per share, raising $250 million in gross proceeds. Additionally, BitMine (NYSE: BMNR) made a strategic investment of $20 million through the purchase of 13.7 million shares.
The company plans to implement the world's first Worldcoin (WLD) treasury strategy, using the proceeds to acquire WLD as its primary treasury reserve asset. Notable tech analyst Dan Ives has been appointed as Chairman of the Board. The company will change its trading symbol to "ORBS" effective September 11, 2025.
The transaction was led by MOZAYYX with participation from prominent investors including World Foundation, Discovery Capital Management, and others. The initiative focuses on World's zero-knowledge Proof of Human (PoH) technology, which has already created nearly 16 million accounts across 45 countries.
Eightco Holdings Inc. (NASDAQ: OCTO) ha annunciato un鈥檌mportante collocazione privata di circa 171,2 milioni di azioni a $1,46 per azione, raccogliendo $250 milioni di proventi lordi. Inoltre, BitMine (NYSE: BMNR) ha effettuato un investimento strategico di $20 milioni acquistando 13,7 milioni di azioni.
L鈥檃zienda intende adottare la prima strategia di tesoreria al mondo basata su Worldcoin (WLD), utilizzando i proventi per acquisire WLD come principale riserva di tesoreria. Il noto analista tecnologico Dan Ives 猫 stato nominato Presidente del Consiglio. La societ脿 cambier脿 il proprio simbolo di negoziazione in "ORBS" a partire dall'11 settembre 2025.
L鈥檕perazione 猫 stata guidata da MOZAYYX con la partecipazione di investitori di rilievo come World Foundation, Discovery Capital Management e altri. L鈥檌niziativa 猫 incentrata sulla tecnologia Proof of Human (PoH) a conoscenza zero di World, che ha gi脿 creato quasi 16 milioni di account in 45 paesi.
Eightco Holdings Inc. (NASDAQ: OCTO) ha anunciado una colocaci贸n privada significativa de aproximadamente 171,2 millones de acciones a $1,46 por acci贸n, recaudando $250 millones en ingresos brutos. Adem谩s, BitMine (NYSE: BMNR) hizo una inversi贸n estrat茅gica de $20 millones mediante la compra de 13,7 millones de acciones.
La compa帽铆a planea implementar la primera estrategia de tesorer铆a del mundo basada en Worldcoin (WLD), usando los fondos para adquirir WLD como su principal activo de reserva de tesorer铆a. El destacado analista tecnol贸gico Dan Ives ha sido designado Presidente de la Junta. La empresa cambiar谩 su s铆mbolo de cotizaci贸n a "ORBS" a partir del 11 de septiembre de 2025.
La transacci贸n fue liderada por MOZAYYX con la participaci贸n de inversores prominentes como World Foundation, Discovery Capital Management y otros. La iniciativa se centra en la tecnolog铆a de Prueba de Humanidad (Proof of Human, PoH) con conocimiento cero de World, que ya ha generado cerca de 16 millones de cuentas en 45 pa铆ses.
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鞚措矆 瓯半灅電� MOZAYYX臧� 欤茧弰頄堨溂氅� World Foundation, Discovery Capital Management 霌� 欤检殧 韴瀽鞛愲摛鞚� 彀胳棳頄堨姷雼堧嫟. 鞚� 鞚措媹靺旐嫲敫岆姅 World鞚� 鞝滊歆�鞁�(Zero-Knowledge) Proof of Human(PoH) 旮办垹鞐� 齑堨爯鞚� 毵烄稊瓿� 鞛堨溂氅�, 鞚措 45臧滉淡鞐愳劀 鞎� 1,600毵� 臧滌潣 瓿勳爼鞚� 靸濎劚頄堨姷雼堧嫟.
Eightco Holdings Inc. (NASDAQ: OCTO) a annonc茅 un placement priv茅 important d'environ 171,2 millions d'actions 脿 $1,46 par action, levant $250 millions de produit brut. De plus, BitMine (NYSE: BMNR) a r茅alis茅 un investissement strat茅gique de $20 millions en achetant 13,7 millions d'actions.
La soci茅t茅 pr茅voit de mettre en 艙uvre la premi猫re strat茅gie de tr茅sorerie mondiale bas茅e sur Worldcoin (WLD), en utilisant les fonds pour acqu茅rir des WLD comme principal actif de r茅serve de tr茅sorerie. Le c茅l猫bre analyste technologique Dan Ives a 茅t茅 nomm茅 pr茅sident du conseil d'administration. La soci茅t茅 changera son symbole de cotation pour "ORBS" 脿 compter du 11 septembre 2025.
La transaction a 茅t茅 men茅e par MOZAYYX avec la participation d'investisseurs de premier plan, dont World Foundation, Discovery Capital Management et d'autres. L'initiative se concentre sur la technologie Proof of Human (PoH) 脿 connaissance z茅ro de World, qui a d茅j脿 cr茅茅 pr猫s de 16 millions de comptes dans 45 pays.
Eightco Holdings Inc. (NASDAQ: OCTO) hat eine bedeutende Privatplatzierung von rund 171,2 Millionen Aktien zu $1,46 je Aktie angek眉ndigt und damit $250 Millionen an Bruttoerl枚sen erzielt. Zus盲tzlich t盲tigte BitMine (NYSE: BMNR) eine strategische Investition von $20 Millionen durch den Kauf von 13,7 Millionen Aktien.
Das Unternehmen plant, die weltweit erste Treasury-Strategie auf Basis von Worldcoin (WLD) umzusetzen und die Erl枚se zu nutzen, um WLD als prim盲res Treasury-Reserveverm枚gen zu erwerben. Der bekannte Technologieanalyst Dan Ives wurde zum Vorsitzenden des Vorstands ernannt. Das Handelssymbol der Gesellschaft wird ab dem 11. September 2025 auf "ORBS" ge盲ndert.
Die Transaktion wurde von MOZAYYX geleitet, mit Beteiligung namhafter Investoren wie der World Foundation, Discovery Capital Management und anderen. Die Initiative konzentriert sich auf Worlds Zero-Knowledge Proof of Human (PoH)-Technologie, die bereits nahezu 16 Millionen Konten in 45 L盲ndern geschaffen hat.
- Secured substantial funding of $270 million through private placement and strategic investment
- Strategic partnership with BitMine (BMNR) strengthens Ethereum ecosystem positioning
- Appointment of renowned tech analyst Dan Ives as Chairman adds credibility
- World's technology has already achieved significant scale with 16 million PoH accounts in 45 countries
- Strong institutional investor backing from major firms indicates market confidence
- Significant shareholder dilution due to issuance of approximately 185 million new shares
- High-risk treasury strategy focusing primarily on volatile cryptocurrency asset (WLD)
- Regulatory uncertainties surrounding cryptocurrency investments and operations
- Substantial share price discount at $1.46 for the private placement
Insights
Eightco's $270M raise to adopt Worldcoin as treasury asset represents a significant, speculative bet on Proof of Human technology.
Eightco Holdings (OCTO) has executed a substantial
This transaction has several notable components beyond its size. The private placement priced approximately 171.2 million shares at
The company also announced plans to change its ticker symbol from "OCTO" to "ORBS," aligning with World's iris-scanning "Orb" technology that creates zero-knowledge proofs of human identity. Additionally, renowned technology analyst Dan Ives has been appointed Chairman of the Board, lending credibility to this strategic pivot.
From a financial perspective, this move represents a significant speculative bet on Worldcoin's future value and adoption. By converting treasury assets to a cryptocurrency token, Eightco is exposing itself to substantial volatility and regulatory uncertainty. However, if World's technology gains widespread adoption as a standard for human verification in an AI-dominated future, this early treasury conversion could position Eightco favorably in the ecosystem.
This transaction also represents a validation for World's technology from institutional investors, with participation from significant firms including Discovery Capital Management, Pantera, Brevan Howard, and others, suggesting some sophisticated investors see merit in both Worldcoin and Eightco's strategy.
Eightco's strategic pivot positions it at the intersection of AI safety and digital identity verification鈥攁 high-risk, high-potential opportunity.
Eightco's strategic pivot toward Worldcoin represents a significant bet on the future of digital identity in an AI-dominated landscape. The core technology behind this move is World's "Proof of Human" (PoH) system, which uses proprietary iris-scanning hardware called "Orbs" to verify unique human identities without storing sensitive biometric data on the blockchain.
The technology addresses a growing challenge in digital security: as AI becomes more sophisticated, traditional authentication methods like passwords, fingerprints, or facial recognition become increasingly vulnerable to spoofing. World's zero-knowledge proof system allows verification that someone is human without revealing or storing their identity information鈥攁 critical capability as the line between human and AI-generated content continues to blur.
What makes this technology particularly interesting is its scale and global reach. The press release indicates World has already created nearly 16 million zero-knowledge Proof of Human accounts across over 45 countries. This suggests significant traction for a technology aiming to become "the largest network of real people online."
The appointment of Dan Ives as Chairman adds credibility to this technological vision. As a respected technology analyst, his characterization of World as leading "the AI revolution around authentication" signals belief in the critical need for human verification systems in what he calls the "AI-driven Fourth Industrial Revolution."
From a technological architecture perspective, World's decision to build on Ethereum as an ERC-20 token positions it within the established cryptocurrency ecosystem rather than as a standalone blockchain, potentially accelerating integration with existing financial and identity systems while benefiting from Ethereum's security model.
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 critical "Proof of Human" (PoH)
World currently has created nearly 16 million zero knowledge Proof of Human accounts in over 45 countries
"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,"听says Sam Altman
The 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
The 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.听An additional
The 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.
"I am so excited to be named Chairman of Eightco Holdings Inc. (OCTO), marking the next step in the AI revolution around authentication and Proof of Human (PoH)," said Dan Ives, newly appointed Chairman of the Board. "Sam Altman and Alex Blania began this incredible journey, and the future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution. World is the internet of people. While AI gives us infinite abundance, World gives us infinite trust and authentication."
"BitMine wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum. World's unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users," said Thomas ("Tom") Lee, Chairman of BitMine.
BitMine Immersion Technologies (BMNR) has made a
Proceeds from the private placement enable the Company to adopt Worldcoin (WLD) as its primary treasury reserve asset, while continuing its focus on the core business operations. While the treasury may also hold cash and Ethereum (ETH) as secondary reserve assets, the primary emphasis will be on Worldcoin.
In an AI-driven future, establishing unique and verifiable human identity will become increasingly difficult. What the world needs is a universal foundation for digital identity and that is what World is building. While today's systems rely on fingerprints, Face ID, and passports, these methods will struggle against a landscape dominated by robots, AGI, bots, and bad actors.
World creates a zero knowledge (ZK) Proof of Human so a person's human information is not stored on the blockchain. World's proprietary iris-scanning Orb technology is designed to meet the security and identity challenges of the future, offering a path to a universally trusted digital identity and the foundation for the next generation of online trust, verification and economic exchange. The Orbs are the hardware backbone of Worldcoin, verifying unique humans, distributing tokens fairly, and creating a trusted digital identity system for the AI era. As the globe begins the AI Revolution buildout, World will be a leading verification platform for consumers around the world.
"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," said Sam Altman, who co-founded World alongside Alex Blania.
RF Lafferty & Co., Inc. acted as the Exclusive Placement Agent in connection with the private placement.
Cantor Fitzgerald & Co. acted as financial advisor to the lead investor, MOZAYYX.
Moelis & Company LLC acted as financial advisor to BitMine Immersion Technologies (BMNR).
Winston & Strawn LLP acted as counsel to the lead investor, MOZAYYX.
Graubard Miller听acted as counsel to the Company.
Lucosky Brookman LLP acted as counsel to the placement agent.
The offer and sale of the foregoing securities were made in a private placement in reliance on an exemption from the registration requirement of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the private placement may not be offered or sold in
This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.
ABOUT EIGHTCO HOLDINGS INC.
Eightco Holdings Inc. (NASDAQ: OCTO) is committed to growth of its subsidiaries, made up of Forever 8, an inventory capital and management platform for e-commerce sellers, and Ferguson Containers, Inc., a provider of complete manufacturing and logistical solutions for product and packaging needs, through strategic management and investment. In addition, the Company is actively seeking new opportunities to add to its portfolio of technology solutions focused on the e-commerce ecosystem through strategic acquisitions. Through a combination of innovative strategies and focused execution, Eightco aims to create significant value and growth for its portfolio companies and stockholders.
ABOUT BITMINE IMMERSION TECHNOLOGIES
BitMine is a Bitcoin and Ethereum Network Company with a focus on the accumulation of Crypto for long term investment, whether acquired by our Bitcoin mining operations or from the proceeds of capital raising transactions. Company business lines include Bitcoin Mining, synthetic Bitcoin mining through involvement in Bitcoin mining, hashrate as a financial product, offering advisory and mining services to companies interested in earning Bitcoin denominated revenues, and general Bitcoin advisory to public companies. BitMine's operations are located in low-cost energy regions in
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For images of the Orb with the new Chairman, please visit .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as "plans," "expects," "will," "anticipates," "continue," "expand," "advance," "develop" "believes," "guidance," "target," "may," "remain," "project," "outlook," "intend," "estimate," "could," "should," and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management's current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco's ability to maintain compliance with the Nasdaq's continued listing requirements; unexpected costs, charges or expenses that reduce Eightco's capital resources; Eightco's inability to raise adequate capital to fund its business; Eightco's inability to innovate and attract users for Eightco's products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco's actual results to differ from those contained in forward-looking statements, see Eightco's filings with the Securities and Exchange Commission (the "SEC"), including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.
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FAQ
What is the size and price of Eightco Holdings' (OCTO) private placement in 2025?
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