Eightco Holdings Inc. has secured $270 million in a private placement to fund what it calls the first corporate treasury strategy centered on Worldcoin (WLD).
The deal, priced at $1.46 per share, includes $250 million from institutional investors led by MOZAYYX and a $20 million investment from BitMine Immersion Technologies (BMNR).
Backers include World Foundation, Discovery Capital Management, Kraken, Pantera, GSR, Coinfund, FalconX, GAMA, Occam Crest, Diametric, and Brevan Howard.
Proceeds will be used to acquire WLD, which will serve as Eightco’s main reserve asset, with Ethereum and cash as secondary holdings. The transaction is expected to close on September 11, when the company also plans to change its Nasdaq ticker to ORBS.
Dan Ives, newly appointed chairman of Eightco, called the move a turning point for AI and blockchain, stressing Worldcoin’s potential to provide “infinite trust” in an era of automation. BitMine chairman Thomas Lee said the project’s zero-knowledge Proof of Human system could become vital for online trust as AI-driven activity grows.
Worldcoin, created by Sam Altman and Alex Blania, uses iris-scanning “Orbs” to verify human identity while preserving privacy. Altman has suggested the network could become the largest online community of verified users, reshaping digital interactions and transactions.
The offering was structured as a private placement exempt from SEC registration. RF Lafferty acted as placement agent, with Cantor Fitzgerald advising MOZAYYX and Moelis & Co. advising BitMine.
If successful, Eightco would be among the first publicly traded firms to adopt Worldcoin for treasury reserves, a move that could influence how corporations approach the convergence of AI, digital identity, and crypto-finance.
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