Eightco Holdings Inc. (OCTO), the company cited on Nasdaq, announced today, September 8th. This September 8th is planning to cover the formation of the strategic reserves for WorldCoin (WLD), the company’s native world token, promoted by the CEO of Openai Sam Altman.
To do this, the company specializes in fundraising solutions and personalized packaging for e-commerce. Selling about 171 million shares for $250 million, each for $1.46..
Similarly, the company of Tom Lee’s company, whose native Ethereum cryptocurrency Ethher (ETH), has the largest Ethher (ETH), has been reported, and Bitmine -Lee’s company, which purchases a total of $20 million with its corporate balance.
Additionally, the company said it intends to change the stock market to an orb once the offer is completed and refer to the “orb.” The biometric devices used by the world are used to verify the identity of the user.
It needs to be clear that incorporating WorldCoin as a reserve asset will be the first company. Since its announcement, OCTO prices have increased over 50 times in just one day, as can be seen on the next TradingView chart.
In this regard, Dan Iives, new executive director of Octo’s board of directors, said: The world is the internet of people. AI gives us an infinite abundance, but the world gives us infinite confidence and authentication».
After the news is revealed, WLD prices have gone from 1.04 to $1.44which represents a weekly increase of 38%.
As Cryptootics reports, more and more companies are analyzing the possibility of incorporating digital assets into the Treasury as reserve assets. This is the trend that started strategy CEO Michael Saylor in August 2020 when he made his first purchase of Bitcoin (BTC).
Since then, Saylor has devised a strategy to quickly obtain liquidity through debt and issuing convertible titles. This allowed us to fund the purchase of BTC without relying on the company’s operating income.
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