Eightco $250M Worldcoin Reserve Plan Dey Drive 3,000% Surge
Eightco Holdings don announce $250 million private placement to buy Worldcoin (WLD) as e primary treasury reserve. The company wey dey list for Nasdaq release 171.2 million new shares at $1.46 each, with big investors like Mozayyx, Sam Altman’s World Foundation, and BitMine Immersion Technologies wey invest $20 million. Dan Ives come in as chairman, and Ethereum (ETH) fit serve as secondary reserve. After di announcement, Eightco stock jump over 3,000%, reach about $83 intraday and close for $45.08, wey push market value from $4.4 million to $190 million. Worldcoin price rise by nearly 50% reach around $2 because new investors dey interested. Even though regulators dey worry about Worldcoin’s iris-scanning Orbs and data privacy, company adoption dey add credibility to proof-of-personhood network. Eightco plan to change ticker to ORBS. Offer go close on September 11. This move show say treasury diversification dey grow beyond Bitcoin and Ethereum and e also dey highlight strategic role blockchain-based identity solutions go play.
Bullish
For short term, Worldcoin price sharp rise nearly 50% cause demand high after dem announce $250 million reserve, investors and media people dey excited. The equity rally for Eightco show say market gats strong love for tokens wey relate to real-world treasury strategies. For long term, companies wey start use am and dem diversify treasury fit make people believe Worldcoin proof-of-personhood use case, support demand wey go last long. But regulator matter about iris-scanning Orbs and data privacy fit bring wahala for market, even though public company wey accept am more dey help market balance.