Worldcoin (WLD) Price Soars 25% Following $250M Treasury Deal, Boosting African User Growth
Worldcoin (WLD) has experienced a significant price surge, climbing 25% as a result of a strategic $250 million treasury deal announced by Eightco Holdings. This news has injected fresh momentum into the project, which has already seen impressive growth, especially in regions like Africa, where its user base continues to expand rapidly, signaling potential within the growing African tech landscape.
Fueling the Future: Eightco Holdings’ Strategic Investment
The recent price jump in WLD reflects growing confidence in Worldcoin’s long-term viability. Eightco Holdings’ decision to commit $250 million to a private placement, specifically focusing on WLD as its primary reserve asset, represents a major boost. This financial injection is intended to support Worldcoin’s ambitious goals, demonstrating a vote of confidence from key players in the crypto space. The placement, led by MOZAYYX, involved participation from prominent investors like the World Foundation, Discovery Capital, Pantera, Kraken, FalconX, and Brevan Howard. Simultaneously, BitMine invested $20 million in a separate deal. This strategic investment has triggered a significant market rally, with WLD’s price surging and Eightco’s stock price jumping an impressive 4,300% to reach $77.92. Additionally, the project continues to attract new users at an accelerating pace, with over 530,000 new verifications within a single week, pushing the total number of World App users beyond 33.5 million. Furthermore, Worldcoin is expanding its reach by partnering with institutions, as The University of Engineering and Technology in Peru joined Worldcoin’s anonymized computation network.
The latest developments indicate that Worldcoin is building a robust ecosystem and attracting substantial investment, which is helping to bring new innovation to the African tech space.
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