Eightco Holdings Inc. - Common Stock(OCTO.US) gains 2,869.66% at 10:42 AM, ET. 

The company's shares were traded at a peak of 3,601.38% intraday. 

The gain during pre-market session as of 04:28 AM, ET, was 155.9% before hitting 955% before the market opening: 

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What's Going On?

Eightco Holdings Inc. - Common Stock(OCTO.US) has announced a significant financial maneuver involving a US$250 million private placement, complemented by a US$20 million strategic investment from BitMine Immersion Technologies(BMNR.US). 

This initiative marks the launch of the world's first Worldcoin (WLD) treasury strategy. 

The company plans to issue approximately 171 million shares at US$1.46 each, with an additional 13.7 million shares allocated to BitMine at the same price.

Worldcoin as a Treasury Reserve

The proceeds from this private placement will be directed towards adopting Worldcoin as Eightco's primary treasury reserve asset. 

This move is part of a broader strategy to leverage Worldcoin's unique zero-knowledge Proof of Human (PoH) technology, which aims to establish a universal foundation for digital identity. 

Dan Ives, a well-known technology and AI expert, has been appointed Chairman of the Board to guide this transformative initiative.