BitMine invests in WLD reserve strategy company Eightco, OCTO stock price surged 30 times in a single day.
Ethereum reserve company BitMine launches its moon landing plan, investing in the WLD reserve strategy company Eightco Holdings Inc. OCTO pumps 30 times in a single day, also allowing BitMine to earn 600 million USD. BitMine holds 2.06 million Ether, with total assets valued at 9.2 billion USD.
BitMine holds 2.06 million Ether, with a total asset value of 9.2 billion USD.
BitMine reveals the latest cryptocurrency holdings:
2,069,443 coins ETH
192 bitcoins
266 million USD of undistributed cash
Total net asset value of 9.21 billion USD. BitMine firmly holds the position of the largest ETH holder in the world, with its cryptocurrency asset scale only second to MicroStrategy (MSTR).
BitMine launches moon landing plan, invests in WLD reserve strategy company OCTO
BitMine announces the launch of the Moonshot project (Moonshot), which aims to support bold ideas that can enhance the vast Ethereum ecosystem. BitMine aims to allocate approximately 1% of its assets for investment to strengthen the Ethereum ecosystem and create value for BitMine shareholders.
BitMine made a strategic investment of $20 million in Eightco Holdings Inc. with stock code OCTO(, as part of its $270 million PIPE. OCTO announced the adoption of a groundbreaking strategy to acquire Worldcoin )WLD( tokens as its main asset. Eightco believes that Worldcoin's “zero-knowledge proof of humanity” technology is crucial in an AI-driven future world.
OCTO surged 30 times in a single day, appointing Dan Ives as the chairman of the board.
Eightco issued 13,698,630 shares of common stock to BitMine at a price of $1.46 per share. OCTO surged 3,009% yesterday, with a share price of $45.08. Converted, BitMine has already earned nearly $600 million, achieving a return on investment of 30 times.
The transaction was led by MOZAYYX, with major institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, and Brevan Howard.
The company has appointed Wall Street renowned technology stock analyst Dan Ives as the new chairman of the board. Dan Ives is known for his candid and forward-looking market predictions and often comments on international media such as CNBC, Bloomberg, CNN, and BBC.
This article BitMine invests in WLD reserve strategy company Eightco, OCTO stock price surged 30 times in a single day, first appeared in Chain News ABMedia.