Eightco Holdings holds a $207.6 million unrealized loss on its Worldcoin (WLD) token position as of June 30, stemming from a 99% drop in its primary revenue source. The firm holds 283.45 million WLD with a $322.7 million cost basis and $115.1 million fair value, per its August 7 filing. WLD constitutes 50.5% of Eightco’s $228 million digital-asset portfolio, generating no revenue during the period.
The token’s market value at $0.31 per token as of August 8 implies a $87.9 million valuation, $234.8 million below its cost basis. Eightco added 18.52 million additional WLD tokens post-June 30, though cost details remain undisclosed. Operational pressures are immediate: Forever 8, Eightco’s subsidiary, halted services for its struggling customer, leading to a $7.8 million credit-loss provision. This includes $2.6 million against receivables and $5.2 million from unauthorized inventory disposal. Revenue from this account may soon vanish entirely.
Eightco maintains $148.8 million in liquidity, including $11 million cash, $50.9 million in securities, and $86.9 million in stablecoins. With $9.7 million cash used in operations H1 2026 and no near-term going-concern doubts, the company faces no immediate liquidity crisis. However, ongoing WLD purchases or a slumping share price could strain its balance sheet amid ongoing equity dilution from $216 million in new shares issued H1 2026.
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