US EditionBitMine Now Holds $9B in Crypto Treasury, Fuels 1,000% Surge in WLD-Linked Stock
BitMine Immersion Technologies holds $9.2 billion in crypto and cash, aiming to support Ethereum's ecosystem and investing $20 million in Eightco Holdings, whose stock surged over 1,000%.
- Eightco Holdings revealed plans for a private placement valued at $250 million alongside a $20 million injection from BitMine, with intentions to designate Worldcoin as its main treasury asset starting in 2025.
- This event follows BitMine's pivot to an Ethereum treasury strategy in June and its aim to diversify into blockchain projects linked to digital identity infrastructure.
- The deal includes issuing 13.7 million shares to BitMine at $1.46 each, with Eightco's shares surging over 1,000%, and Worldcoin's token rising nearly 50% in recent trading.
- BitMine chairman Tom Lee described Worldcoin as an Ethereum-aligned project whose Proof of Human feature could become an essential trust layer for technology platforms.
- The investments and strategic shift suggest growing interest in identity-tied tokens as potential institutional-grade reserve assets and highlight BitMine's expansion beyond mining.
11 Articles
11 Articles
BitMine’s Crypto Play Ignites a 3,000% Penny Stock Frenzy
Key Points BitMine Immersion Technologies‘ (BMNR) Ethereum Treasury strategy includes 2 million ETH at $4,312 each, with $9.2 billion in crypto and cash holdings. BMNR’s $20 million investment in Eightco (OCTO), which is pursuing a Worldcoin treasury strategy, triggered OCTO’s 3,000% stock surge. OCTO’s stock jumped from $1.45 to over $50 per share, with a 5,000% peak gain, and is up 11% in premarket trading. Nvidia made early investors rich…
Eightco Shares Skyrocket on Worldcoin Treasury Move and BitMine Backing
Eightco Holdings, a company offering cash-flow support and packaging services for online sellers, recorded one of the sharpest market moves of the year after unveiling a plan to allocate its corporate treasury primarily to Worldcoin. The company also secured fresh backing from BitMine, a crypto mining firm with an extensive Ethereum portfolio, fueling speculation about whether digital identity tokens could play a greater role in corporate reserv…
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