Fintech Eightco surges 3,000% after plan to amass Worldcoin
The largest corporate Ether holder, BitMine, backed Eightco Holdings’ $270 million plan to buy and hold the token of the eyeball-scanning crypto project Worldcoin.
Shares in an e-commerce inventory management platform rocketed over 3,000% in a day after announcing plans to buy and hold Worldcoin, the cryptocurrency behind Sam Altman’s eye-scanning digital identity project.
Eightco Holdings said on Monday that it was looking at a share sale targeting gross proceeds of around $250 million to “implement the first-of-its-kind Worldcoin treasury strategy.” The sale comprises a private placement of 171.23 million common shares for $1.46 each.
It added BitMine Immersion Technologies, which has the largest Ether (ETH) holdings among public firms, and has purchased 13.7 million common shares for $20 million.