A man has his iris scanned with an orb in exchange for worldcoin crypto (Juan Mabromata/Getty Images)

Largest ethereum treasury, BitMine, invests $20 million into the first worldcoin treasury firm

In addition to BitMine’s investment, Eightco plans to use proceeds from a $250 million private placement to stockpile worldcoin.

Sage D. Young

9/8/25 11:53AM

As BitMine Immersion Technologies passes 2 million ethereum tokens in its corporate treasury, worth over $9 billion, the firm announced a $20 million strategic investment into Eightco, which is moving to adopt the worldcoin cryptocurrency as its primary treasury asset.

In addition to BitMine’s investment, Eightco announced it plans to use proceeds from a $250 million private placement to stockpile worldcoin. The transaction was led by investment firm MOZAYYX and had participation from Kraken, GSR, and Coinfund.

“BitMine wants to support and back innovative projects that create value for the ethereum ecosystem. As an ERC-20 native token, World is aligned with Ethereum,” BitMine Chairman Tom Lee said in a statement. “World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and the billions of human users.”

Worldcoin, cofounded by OpenAI CEO Sam Altman, is a layer 2 blockchain built on ethereum. Its native cryptocurrency has jumped nearly 50% in the last 24 hours, while BitMine stock has moved up almost 5%.

According to Eightco’s public statement, “13,698,630 shares of common stock were issued to BitMine at $1.46.”

In other ethereum news:

Spot ethereum ETFs trading in the US saw record outflows last week, with more than $787.7 million leaving the crypto-focused investment funds, data from SoSoValue shows. September’s outflows so far are a stark reversal from the previous months.
ETHZilla brought its crypto holdings to 102,246 ethereum tokens worth about $443 million. ETHZilla has also repurchased $5.5 million worth of its stocks, reducing its shares outstanding by 1.3%, a press release said.
Bit Digital, in a Monday SEC filing, said it holds 121,252 ethereum tokens currently valued at $529 million and has a 71.5% ownership in WhiteFiber, a public AI infrastructure company. “The company intends to allocate the majority of its capital to ETH accumulation and staking yield generation, positioning itself as a leading public ETH vehicle while also holding a majority ownership of an AI infrastructure business,” the filing reported.

Sage D. Young

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Sage D. Young1/28/26

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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Bitcoin is underperforming precious metals now, but experts warn of “short-sighted” view

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