Dan Ives Appointed Chairman of Eightco Holdings as It Plans Major Acquisition of Worldcoin
Eightco Holdings has made a significant move by appointing Dan Ives as chairman of the board. The company, which trades on Nasdaq under the ticker OCTO and plans to change its ticker to ORBS, is preparing to acquire Worldcoin (WLD), the token linked to Sam Altman's identity verification startup.
To support this acquisition, Eightco Holdings announced a $250 million private placement aiming to position Worldcoin as its primary treasury asset. This strategic move highlights the company's strong belief in Worldcoin's potential. The private placement is expected to close around September 11, 2025.
Dan Ives expressed confidence in Worldcoin's role in shaping identity verification in the future, especially as society faces increasing threats from artificial intelligence. Launched in 2023, Worldcoin currently holds a market capitalization of around $1 billion, making it a notable player in the crypto space.
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