Eightco (US:OCTO) Prnewswireยท2025-09-08 10:48Core Insights - Eightco Holdings Inc. has announced a private placement for approximately 171,232,877 shares at $1.46 per share, aiming for gross proceeds of about $250 million [1][3] - The company plans to use the proceeds to acquire Worldcoin (WLD) as its primary treasury reserve asset, with a focus on enhancing its treasury operations [3][6] - Dan Ives has been appointed as Chairman of the Board, emphasizing the importance of World in the AI-driven Fourth Industrial Revolution [4][9] Investment Details - The private placement was led by MOZAYYX, with participation from notable institutional investors including World Foundation, Discovery Capital Management, and BitMine Immersion Technologies, which invested an additional $20 million [2][5] - The closing of the offering is expected around September 11, 2025, pending customary closing conditions [3] Strategic Focus - World aims to establish a universal foundation for digital identity through its zero-knowledge Proof of Human technology, addressing future security and identity challenges [7][8] - The proprietary iris-scanning Orb technology is designed to create a trusted digital identity system, which is crucial for the evolving landscape dominated by AI and bots [8] Future Outlook - If successful, World could become the largest network of verified individuals online, transforming online interactions and transactions [9] - The company is committed to leveraging innovative strategies to create significant value and growth for its portfolio companies and stockholders [13]