Mentioned:
ORBS -9.97% BMNR -11.10%

Sam Altman’s crypto identity verification project has a new ambition: Wall Street.

What’s happening:

  • Eightco Holdings (NASDAQ: OCTO) has raised $250M USD in a new equity financing round for the sole purpose of accumulating Worldcoin to hold directly as an asset
  • The new funding round was led by MOZAYYX

By the numbers:‍

  • Eightco Holdings issued 171M common shares at $1.46 USD per share as part of the new financing

Why it matters:‍

  • Eightco Holdings will be led by long time Wall Street technology analyst Dan Ives, who will become the Chairman of Eightco Holdings upon the official closing of the financing

Going deeper:‍

  • World’s identity verification technology has been on an explosive growth trajectory, with more than 33.5M individuals globally having verified their identity through World’s Orbs and users in more than 160 different countries directly using Worldcoin
  • Both World Foundation and Tom Lee’s BitMine Immersion Technologies (NYSE: BMNR) also participated in the new funding round

The intrigue:‍

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