EIGHTCO conducts $250 million private equity financing and launches (WLD) vault strategy

Eightco Holdings, a small company that trades under the OCTO on Nasdaq, announced that Dan Ives is now chairman of the company's board of directors, CNBC reported. The company also announced a $250 million private placement to implement a purchase strategy around WLD tokens and use it as a major reserve asset. The offering is expected to end around September 11, when the company plans to change the stock code to "ORBS". Eightco announced that BitMine has also made a strategic investment of $20 million in Eightco, marking the launch of its reserve strategy to support innovative ideas that can enhance the Ethereum ecosystem.