The US-listed company Eightco has completed a $270 million private placement to implement the Worldcoin treasury strategy

ChainCatcher news, according to a press release, Eightco Holdings Inc. (NASDAQ: OCTO) announced that its recently announced $270 million private placement financing has been successfully completed, and the funds will be used to implement the Worldcoin treasury strategy.

The transaction was led by MOZAYYX, with numerous institutional investors participating, including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, Wedbush, and others. BitMine Immersion (NYSE American: BMNR) invested $20 million. The proceeds from this private placement will be used for the company to acquire and hold Worldcoin (WLD) as its treasury reserve asset while continuing to focus on core business operations. Although the treasury may also hold cash and Ethereum as secondary reserve assets, the emphasis will be on Worldcoin. The company also announced that its common stock trading symbol on NASDAQ will change to "ORBS."