Eightco completes $270 million private placement to implement Worldcoin funding strategy

According to Golden Finance, Eightco Holdings Inc. (NASDAQ: OCTO) announced that its recently announced $270 million private equity financing has been successfully completed, and the funds obtained will be used to implement the Worldcoin vault strategy. The transaction was led by MOZAYYX, with many institutional investors participating, including WorldFoundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, OccamCrest, Diametric, BrevanHoward, Wedbush, etc. BitMineImmersion (NYSE: BMNR) invested $20 million. The funds from this private placement will be used for the company's acquisition and holding of Worldcoin (WLD) as its vault reserve assets, while continuing to focus on core business operations. While the vault may also use cash and Ethereum as secondary reserve assets, the focus will be on Worldcoin. The Company also announced that its common stock trading code on Nasdaq will be changed to "ORBS".