One of Worldcoin’s Largest Corporate Holders Now Sits on a $207M Loss After Losing Its Primary Source of Cash
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One of Worldcoin’s largest corporate holders now sits on a $207M loss after losing its primary source of cash
The June 30 loss was unrealized, but a $7.8 million credit-loss allowance and 109% share-count increase sharpen the capital-allocation test. The post One of Worldcoin’s largest corporate holders now sits on a $207M loss after losing its primary source...
Eightco faces $207.6M loss and dilution - Invest In Crypto News
Eightco Holdings carried a $207.6 million cumulative unrealized loss on its position in Worldcoin’s WLD token at June 30 as the customer responsible for about 99% of its operating revenue deteriorated, creating two distinct pressure points for Eightco’s WLD treasury and operations. The company held 283.45 million WLD with a $322.7 million cost basis and a $115.1 million fair value, according to its Aug. 7 quarterly filing. WLD accounted for 50.5…
One of Worldcoin's largest corporate holders now sits on a $207M loss after losing its primary source of cash
Eightco Holdings carried a $207.6 million cumulative unrealized loss on its position in Worldcoin’s WLD token at June 30 as the customer responsible for about 99% of its operating revenue deteriorated, creating two distinct pressure points for Eightco’s WLD treasury and operations. The company held 283.45 million WLD with a $322.7 million cost basis and a $115.1 million fair value, according to its Aug. 7 quarterly filing. WLD accounted for 50.5…
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