World network surpasses 17 million verified humans

EASTON, Pa. - Eightco Holdings Inc. (NASDAQ:ORBS), a $2 billion market cap company, announced Thursday that the World network has reached more than 17 million verified humans, adding over 2 million users in the three weeks since launching its Worldcoin Treasury initiative. According to InvestingPro data, the stock has shown remarkable momentum with a 598% surge over the past six months.

The company, which focuses on digital identity verification through its proprietary Orb technology, is pursuing what it calls the "Power of 8" initiative, which aims to acquire 800 million Worldcoin (WLD) tokens and verify 8 billion humans. While the company generated $43.87 million in revenue over the last twelve months, InvestingPro analysis indicates challenging fundamentals with negative EBITDA and current liabilities exceeding liquid assets.

"We are making rapid progress on the ’Power of 8,’ and reaching 17 million verified humans marks a pivotal step toward a world where digital trust is seamless and universal," said Dan Ives, Chairman of Eightco Holdings.

The company also announced that standardized options on its common stock are now available for trading on the Nasdaq Options Market under the ticker symbol "ORBS," providing investors with additional ways to engage with the company’s shares.

As part of efforts to raise awareness, Ives will embark on a global tour visiting World store locations in several cities including Los Angeles, Singapore, Seoul, and Tokyo throughout October, with a London visit planned for December.

World describes its technology as a single sign-on and Proof-of-Human verification system designed for the AI era. The company states its Orb hardware verifies unique humans and creates trusted digital identities.

According to the press release, Eightco’s investors include MOZAYYX, BitMine Immersion (BMNR), World Foundation, Wedbush, Coinfund, and several other investment firms. InvestingPro subscribers can access 12 additional key insights about ORBS, including detailed analysis of its financial health, valuation metrics, and growth potential.

In other recent news, Eightco Holdings announced a $250 million private placement to further its Worldcoin strategy, with an additional $20 million investment from BitMine Immersion Technologies. The company plans to use these funds to acquire Worldcoin tokens as part of its treasury reserve. Meanwhile, Eightco has terminated its at-the-market sales agreement with Univest Securities, ending its ability to sell additional shares under that agreement. In another development, Eightco revealed its ’Power of 8’ initiative, aiming to acquire 800 million Worldcoin tokens and verify 8 billion humans, with a current total of 16.9 million verified individuals. BitMine Immersion Technologies reported its cryptocurrency holdings have reached $11.6 billion, holding over 2% of the total Ethereum supply. The company’s assets include 2,650,900 ETH, 192 Bitcoin, and a $157 million stake in Eightco Holdings. BitMine is progressing toward its "Alchemy of 5%" ownership goal, with its holdings recently valued at $11.4 billion.

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