Eightco Holdings Announces $250M Private Placement with BitMine Investment

Eightco Holdings Inc. (OCTO) announces a $250 million private placement with a $20 million strategic investment from BitMine to initiate a Worldcoin (WLD) treasury strategy. The company, which aims to deliver critical "Proof of Human" (PoH), has created nearly 16 million zero-knowledge PoH accounts in over 45 countries. Dan Ives, a renowned technology and AI expert, will serve as Chairman of the Board.

Eightco Holdings Inc. (OCTO) has announced a significant financial move with the launch of a $250 million private placement, augmented by a $20 million strategic investment from BitMine (BMNR). The initiative aims to implement the first-of-its-kind Worldcoin (WLD) treasury strategy, marking a pivotal step in the company's mission to deliver critical "Proof of Human" (PoH) technology.

The private placement, led by MOZAYYX, involves the purchase and sale of approximately 171,232,877 shares of common stock at a price of $1.46 per share, with expected gross proceeds of approximately $250 million. Additionally, BitMine has invested $20 million in the form of 13,698,630 shares of common stock. The transaction is expected to close on or about September 11, 2025, subject to customary closing conditions Eightco Holdings Inc. (OCTO) Announces $250 Million Private Placement with an Additional $20 Million Strategic Investment from BitMine (BMNR) to Initiate World's First Worldcoin (WLD) Treasury Strategy^[1].

Dan Ives, a renowned technology and AI expert, has been appointed as Chairman of the Board of Eightco Holdings Inc. Ives expressed his excitement about the appointment, highlighting the company's role in the AI revolution around authentication and Proof of Human (PoH). The company's Worldcoin (WLD) will serve as its primary treasury reserve asset, with the intention of adopting it for treasury operations .

Worldcoin, an ERC-20 native token, is aligned with Ethereum and offers a unique zero-knowledge Proof of Human credential. This technology is designed to address the growing need for verifiable human identity in an AI-driven future. Worldcoin's proprietary iris-scanning Orb technology aims to meet the security and identity challenges of the future, providing a path to a universally trusted digital identity system .

The private placement and strategic investment are part of Eightco's broader strategy to innovate and attract users for its products. The company's focus on technology solutions within the e-commerce ecosystem is evident through its subsidiaries, Forever 8 and Ferguson Containers, Inc. .

BitMine Immersion Technologies (BMNR), with a focus on Bitcoin and Ethereum network accumulation, has made a strategic investment in Eightco Holdings Inc. This marks the start of BMNR's "Moonshot" strategy to back bold ideas that strengthen Ethereum's vast ecosystem .

The announcement underscores Eightco's commitment to growth and innovation, positioning it as a leader in the digital identity and verification space. The company's forward-looking statements, however, are subject to various risks and uncertainties, including regulatory compliance and future legislation impacting digital assets .

Eightco Holdings Inc. is committed to creating significant value and growth for its portfolio companies and stockholders through strategic management and investment. As the company continues to expand its technology solutions, the Worldcoin treasury strategy represents a significant milestone in its journey.

References:
Eightco Holdings Inc. (OCTO) Announces $250 Million Private Placement with an Additional $20 Million Strategic Investment from BitMine (BMNR) to Initiate World's First Worldcoin (WLD) Treasury Strategy^[1]: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy
: https://www.morningstar.com/news/pr-newswire/20250908ny67573/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy