Sam Altman’s Worldcoin (WLD) Skyrockets on New Treasury Deal Backed by Wall Street Veterans Dan Ives and Tom Lee
Eightco Holdings Inc. announced Monday it has priced a private placement offering that will raise approximately $270 million to fund what the company calls the first treasury strategy focused on Sam Altman’s World (WLD) cryptocurrency. According to a new press release, the offering includes approximately 171.2 million shares of common stock priced at $1.46 per share, generating expected gross proceeds of about $250 million before fees and expenses. Dan Ives of Wedbush Securities will act as chair of the company, and Funstrat’s Tom Lee has contributed $20 million in capital as well. Said Ives in a CNBC interview, “I mean, look, I’d say in this AI revolution, when you think about everything going on in terms of the trillions being spent, the biggest thing missing is identification and authentication. And you know what Sam and Alex and the team have built at World – when you think about these orbs, the iris scanning – in my opinion, this is g...