Eightco Embraces Worldcoin As Treasury Asset With Backing From BitMine

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Eightco Holdings Inc. (NASDAQ:OCTO) shares surged 1000% in premarket trading after the company said it raised $250 million through a private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset.

Eightco also appointed well-known Wall Street analyst Dan Ives as chairman of the board, signaling a bold strategic shift. Eightco priced the private placement at $1.46 per share, issuing about 171.2 million shares to raise $250 million before expenses.