Eightco Holdings Inc. announced the closing of its $270 million private placement, which is intended to implement a Worldcoin (WLD) treasury strategy. BitMine Immersion Technologies (BMNR) made a strategic investment of $20 million in this transaction.
The private placement was led by MOZAYYX and included participation from a premier list of institutional investors. Dan Ives was appointed Chairman of Eightco's Board of Directors in connection with this strategic shift.
For BitMine, this confirms its $20 million 'Moonshot' investment, supporting a company that is pivoting to Worldcoin as its primary treasury asset. This aligns with BitMine's strategy to back projects that strengthen the broader Ethereum ecosystem, as Worldcoin is an ERC-20 token.
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