In premarket trading, Eightco Holdings Inc. (NASDAQ: OCTO) experienced a remarkable 1000% surge in its shares following the announcement of a successful $250 million private placement. This funding was secured to adopt Worldcoin (WLD) as the company's primary treasury reserve asset. As a part of this strategic shift, Eightco has appointed the distinguished Wall Street analyst Dan Ives as its chairman of the board. The private placement was priced at $1.46 per share, with around 171.2 million shares issued, resulting in the successful raising of $250 million, exclusive of expenses. Further bolstering this development, BitMine Immersion Technologies (AMEX: BMNR) also revealed a significant $20 million strategic investment in Eightco, marking the first "Moonshot" initiative within its Ethereum ecosystem. For the full story, visit Benzinga.com.