The largest corporate Ether holder, Bitmine, backed Eightco Holdings $270 million plan to buy and hold the token of the eyeball-scanning crypto project Worldcoin.
Shares in Eightco Holdings, an e-commerce inventory management platform, rocketed over 3,000% in a day after announcing plans to buy and hold Worldcoin, the cryptocurrency behind Sam Altman’s eye-scanning digital identity project.
Eightco said on Monday that its looking at a share sale targeting gross proceeds of around $250 million to “implement the first-of-its-kind Worldcoin treasury strategy.” The sale comprises a private placement of 171.23 million common shares for $1.46 each.
It added BitMine Immersion Technologies, which has the largest Ether (ETH) holdings among public firms, and has purchased 13.7 million common shares for $20 million.
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