WLD shoots 32% after Eightco's announcement to create the first public treasury of Worldcoin

By Hannah Pérez

Eightco Holdings, which is quoted at Nasdaq, announced a private placement of USD $ 250 million to implement what it called the first Treasury strategy of Worldcoin. Bitmine granted USD $ 20 million.

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The Eightco Holdings company, which is quoted at Nasdaq, announced private placement of USD $ 250 million.
He said he will implement the world’s treasury strategy in the world.
Bitmine, with the largest Ethereum treasury, bought shares and granted USD $ 20 million.
It coincides with the growth of adoption and the recent technological advances of Worldcoin.
WLD shot more than 30% price in the middle of the ads.

The Token Wld of Worldcoin experienced an impressive increase of 32% in its price, going from a local minimum of USD $ 1 to a peak of USD $ 1.39 in just 24 hours, according to data from Coingcko.

The price rebound came after the company’s announcement Eightco Holdingswhich lies in Nasdaq, on a private placement of USD $ 250 million, along with an additional strategic investment of USD $ 20 million by Bitmine Immersion Technologies, destined to implement what calls the First public treasury strategy based on Worldcoin of the world.

Eightco Holdingsdedicated to financing solutions for electronic commerce and personalized packaging, announced in a statement on Monday the issuance of approximately 171,232,877 common shares at a price of USD $ 1.46 per share.

Besides, Bitmine He acquired 13.6 million shares at the same price, adding USD $ 20 million to the capital raised. The transaction, led by Mozayyx, was attended by outstanding institutional investors such as World Foundation, Discovery Capital Management, Falconx, Kraken, Panther and Brevan Howardaccording to the official statement of Eightco.

An innovative bet for Worldcoin

The main objective of this capital injection is to acquire tokens WLD for the treasury operations of Eightcoestablishing a Worldcoin as its main corporate reserve asset. Although the treasury will also keep cash and Ethereum (Eth) As secondary assets, the main approach will be on WLDas reported.

This movement marks a milestone in the institutional adoption of Worldcoina project that uses eye iris scanning technology to create digital identity credentials based on humanity tests.

As part of this initiative, Eightco Holdings He appointed Dan Iives, a renowned technology analyst and artificial intelligence expert, as president of his board of directors. In addition, the company plans to change its contribution symbol in Nasdaq to “orbs” from September 11, date on which private placement is expected to close.

“I am very excited to be appointed president of Eightco Holdings Inc., marking the next step in the revolution of authentication and the humanity test“IVES said expressing his enthusiasm.

Worldcoin growth and expansion

The announcement coincides with a period of strong traction to Worldcoin. According to a report of COINDESKmore than 530,000 new users were verified on the network in the last seven days, the largest weekly increase in a long time, raising the total number of users verified to more than 33.5 million. In addition, the activity in the wallets reached records, with 31.6 million transactions processed in the same period and daily volumes exceeding two million for the first time.

Worldcoinco -founded by Sam Altman and Alex Blania, has created about 16 million humanity test accounts with zero knowledge in more than 45 countries, according to the statement of Eightco.

“If we succeed in our mission, World could become the largest network of real people online, fundamentally transforming how we interact and perform transactions on the Internet“, Said high altman the ambition of the project.

In parallel, Worldcoin It strengthened its technological infrastructure with the incorporation of the University of Engineering and Technology of Peru (UTEC) to its anonymous multipartite computer system (AMPC), according to the coverage.

This system, implemented in May, improves privacy in the verifications of the Orbs –Your ocular scanning device– when processing data locally and distributing fragments encrypted between independent nodes. The incorporation of UTEC expands the presence of Worldcoin In Latin America and reinforces the decentralization of its verification architecture.

WLD joins the trend of Crypto Treasury

Despite the recent increase, the Current WLD price of USD $ 1.40 It is still 85% below its historical maximum of USD $ 11.74 registered in March 2024, according to data from Coingcko. However, institutional support and growth in user adoption suggest a renewed impulse for the project.

The treasury strategy of Eightcobacked by Bitmine and other prominent investors, incorporates Worldcoin within a growth trend public companies worldwide that adopt cryptocurrencies as treasury assets. More than 180 companies have established treasury strategies focused on Bitcoinwhile others opt for Altcoins like eth, SolariumXRP.

Strategywhich is positioned as a pioneer in the corporate investment of Bitcoinheads among cryptocurrency treasures with 638,460 BTC valued at USD $ 71.5 billion, after the most recent purchase this Monday. Bitmine It is located in second place with a treasury Ethereum valued at about USD $ 9 billion.

Article written with the help of AI, edited by Diariobitcoin

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