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Eightco Holdings (ORBS) Ends Losing Streak, Climbs 15.56%
Yahoo Financeยท 2025-09-19 12:47
Group 1 - Eightco Holdings Inc. (NASDAQ:ORBS) experienced a significant rebound, rising 15.56% to close at $12.55 after a three-day decline, driven by investor bargain-hunting [1][3] - The company raised $270 million through a private placement with institutional investors, which will be used to establish a treasury of Worldcoin tokens [2] - In addition to Worldcoin, Eightco Holdings plans to hold cash and acquire Ethereum coins as secondary reserve assets [3] Group 2 - Worldcoin, co-founded by Sam Altman, aims to verify human identity using iris-scanning technology, addressing challenges in the digital era and promoting global financial inclusion [4] - The Chairman of Eightco Holdings, Dan Ives, emphasized the importance of "Proof of Human" in the AI revolution, highlighting the company's role in providing trust and verification as AI becomes more integrated into daily life [5]