Eightco Secures $250M for $WLD Treasury Launch
Eightco raises $250M with BitMine's $20M contribution to back its first $WLD treasury investment strategy.
- Eightco Holdings raises $250M for new crypto treasury plan.
- BitMine contributes $20M to support the $WLD strategy.
- Strategy centers on Worldcoin ($WLD) as a key treasury asset.
Eightco Holdings (OCTO) has just closed a significant $250 million raise to launch its first major crypto treasury initiative, focused specifically on Worldcoin ($WLD). BitMine, a prominent player in Bitcoin mining, contributed $20 million of this total, marking a strong show of support for the project.
This funding round signals Eightco’s entrance into the digital asset management space with a strategic focus on token-based treasury operations. By selecting $WLD — a token created by Worldcoin, co-founded by OpenAI CEO Sam Altman — Eightco is aligning itself with one of the more ambitious crypto projects in the space, which aims to provide a global decentralized identity network.
Why BitMine Backed the $WLD Strategy
BitMine’s $20 million contribution is more than just financial support. It reflects a strategic alignment with Eightco’s treasury vision. BitMine’s core business revolves around mining digital assets and managing large-scale blockchain infrastructure, so their involvement adds credibility and technical depth to the $WLD treasury strategy.
The partnership is expected to combine Eightco’s investment acumen with BitMine’s operational strength, creating a powerful foundation for managing and expanding a token-based treasury.
The Role of $WLD in Treasury Management
Worldcoin’s $WLD token is positioned at the intersection of identity and currency, aiming to bring financial inclusion through verified digital identities. Eightco’s treasury plan centers around accumulating and managing $WLD, potentially as a reserve asset or part of a yield-generating mechanism.
The choice of $WLD reflects growing confidence in the token’s long-term utility and potential to act as a decentralized treasury component. Eightco’s strategy could serve as a model for other firms looking to diversify their treasury holdings with next-gen crypto assets.
Read Also :
- Lion Group Swaps SOL & SUI for Hyperliquid (HYPE)
- Standard Chartered Predicts 50bps Fed Rate Cut Next Week
- Whale Wallets Scoop Up $323M in Ethereum on Kraken
- ETHZilla Reveals $443M in Ethereum Holdings
- SEC to Host Crypto Privacy Roundtable on Oct. 17
