Eightco Raises $270M to Launch Worldcoin Treasury Strategy
- Eightco Holdings raises $270M for Worldcoin-based treasury strategy.
- Worldcoin saw a 122% price surge after announcement.
- Investors include Pantera, Kraken, and World Foundation.
Eightco Holdings announced its successful $270 million fundraising to launch the first public Worldcoin treasury strategy, supported by major institutional investors.
The initiative significantly boosts Worldcoin’s stature, leading to a swift 122% rise in its value, marking a pivotal shift in crypto treasury management.
Eightco Holdings, a public company, has raised $270 million to implement a treasury strategy centered on Worldcoin (WLD), effective immediately.
This initiative positions Worldcoin as a primary asset, attracting notable backing, leading to a significant price rally and impacting market perception.
Eightco Secures $270M for Worldcoin-Focused Treasury
Eightco Holdings has successfully raised $270 million for a new treasury strategy. This strategy focuses on Worldcoin (WLD) as its primary reserve. The initiative received backing from major players.
The raise included key contributions from Pantera, Kraken, and World Foundation. This development makes Eightco the first public entity using Worldcoin as its main treasury asset.
Worldcoin Surges 122% Amidst Eightco Announcement
Following the announcement, Worldcoin’s price surged by 122%, highlighting strong market interest. Eightco’s stock also experienced a substantial increase, pointing to investor confidence.
Continuing adoption and financial support could heavily influence the crypto market. Sam Altman, Co-founder, Worldcoin, stated, “Worldcoin has the potential to establish a new paradigm of digital trust and economic inclusion.” The strategic move encourages other companies to consider alternative digital reserves.
Parallels to MicroStrategy’s BTC Treasury Moves
The first instance of a public company adopting a novel crypto asset as its treasury reserve recalls MicroStrategy’s significant BTC acquisitions, impacting broader market trends.
Analysts anticipate that the adoption of Worldcoin and PoH technology could lead to increased interest in decentralized identity and governance tokens.
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