According to the official announcement, Eightco Holdings Inc. (OCTO) has moved to launch the world's first Worldcoin (WLD) treasury strategy.
Accordingly, the company announced that it has secured a $250 million private placement and an additional $20 million investment from the largest Ethereum treasury, Bitmine (BMNR).
The company plans to implement the world's first Worldcoin treasury strategy and use the proceeds to purchase WLD as its primary treasury reserve asset.
The round was led by MOZAYYX, with participation from leading institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, and Brevan Howard. BitMine Immersion (NYSE AMERICAN: BMNR) also invested an additional $20 million.
The Company intends to use the net proceeds of the offering to purchase WLD for the Company's treasury operations. Worldcoin will serve as the Company's primary treasury reserve asset.
*This is not investment advice.