Actions in a electronic trade management platform has dropped more than 3,000% per day after announcing purchasing and maintaining WorldCoin plans, cryptocurrency behind the Sam Altman’s digital identity scanning project.
Highco Holdings said on Monday that he was considering a sale of shares targeting the gross product of approximately $ 250 million to “implement the first strategy of the WorldCoin Treasury of its kind”. The sale includes a private investment of 171.23 million ordinary shares for $ 1.46 each.
He added Bitmin Immersion Technologies, which has the largest ether (ETH) assets among public enterprises, and bought 13.7 million ordinary shares for $ 20 million.
Eightco is the last in a series of non-crypto companies that have started to store cryptocurrencies. The trend has aroused certain concerns about the health of companies such as the market is more congested.
Eightco shares close the exchange of 3,000%
Highco holdings’ actions (Octo) closed the exchanges on Monday up almost 3,009% to $ 45.08, cooling compared to an intradible summit of more than $ 80, but going from its fence of $ 1.45 on Friday.
The stock rally was slightly cooled after hours, lowering almost 6% at $ 42.40.
Highco said its $ 250 million offer should occur Thursday with the participation of the World Foundation, Kraken and Falconx, among others.
He will use funds to buy WorldCoin (WLD) as a “main cash reserve active, while continuing to focus on the main commercial operations”. It can also buy Ether (ETH) as a secondary asset.
He added that he planned to change his Ticker symbol on the Nasdaq into “Orbs” on the same day, referring to the eyeball -globe scan used by Worldcoin from World Network.
Altman, the co-founder and CEO of Openai, founded the project to authenticate humans online, giving them the world and access to a partner business ecosystem in exchange for digitization of the eyes.
The project caught the anger of the regulators for breaking the laws on privacy and saw its restricted, suspended and downright prohibited operations in certain countries.
“If we succeed in our mission, the world could become the largest network of real online people, fundamentally changing the way we interact and transginate on the Internet,” Altman said in a statement.
The names of Eightco Dan Ives as president
Eightco said Dan Ives, the head of technological research for the Wedbush Securities broker, would join as chairman of the board of directors.
Ives is known for its large -scale taking of technology industry, saying in December that the technological sector would be on a bull market up to three years. He also launched a bargain on the stock market earlier this year monitoring companies of the artificial intelligence space.
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Ives said that his appointment marks “the next stage of the AI revolution around authentication and proof of man”.
“The future of AI requires the world to open the way in this fourth industrial revolution led by AI,” he added.
Gain in the world on the pivot of the eightco treasure
Meanwhile, Worldcoin won 49.2% in the last 24 hours in terms of the eightco treasure.
The token is negotiated at $ 1.54 and has experienced a gathering of 80.5% in the last seven days.
Earlier this year, on April 7, Worldcoin fell to a hollow of all time of about 58 cents, but made a return to the cryptography market. However, it is down approximately 87% compared to its peak of $ 11.74 in early March 2024.
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