One of Worldcoin’s largest corporate holders now sits on a $207M loss after losing its primary source of cash

Eightco Holdings carried a $207.6 million cumulative unrealized loss on its position in Worldcoin’s WLD token at June 30 as the customer responsible for about 99% of its operating revenue deteriorated, creating two distinct pressure points for Eightco’s WLD treasury and operations.

The company held 283.45 million WLD with a $322.7 million cost basis and a $115.1 million fair value, according to its Aug. 7 quarterly filing. WLD accounted for 50.5% of Eightco’s $228.0 million digital-asset portfolio. The company reported no operating revenue from the portfolio during the period.

Those numbers are a June 30 accounting snapshot, not a current mark of the WLD treasury. Eightco said in an Aug. 6 company update that its WLD balance had risen to 301.97 million tokens as of Aug. 5. At the rounded $0.31 price displayed by CryptoSlate’s WLD market page on Aug. 8, the June 30 quantity implied a value of about $87.9 million, roughly $234.8 million below its filed cost basis. That is illustrative market arithmetic, not a current reported accounting loss. The company did not disclose the cost or funding source for the additional 18.52 million tokens, so the current position’s aggregate cost basis cannot be determined.

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