08:02 AM EDT, 09/08/2025 (MT Newswires) -- Eightco Holdings ( OCTO ) shares soared by more than 350% in premarket trading Monday after the company said it priced a private placement for 171.2 million shares at $1.46 per share for gross proceeds of about $250 Million.

The company said it also issued about 13.7 million shares to Bitmine Immersion Technologies ( BMNR ) at $1.46 per share for proceeds of $20 Million.

Eightco ( OCTO ) said it plans to implement the "world's first Worldcoin treasury strategy" and will use the proceeds to acquire Worldcoin (WLD) as its primary treasury reserve asset.

Eightco ( OCTO ) also said it will change its Nasdaq ticker symbol to "ORBS," which is expected to take effect on Thursday.