Eightco Holdings carried a $207.6 million cumulative unrealized loss on its WLD token position at June 30, with 283.45 million WLD tokens held at a $322.7 million cost basis versus $115.1 million fair value. The situation is compounded by the deteriorating financial condition of its dominant customer at subsidiary Forever 8, which accounted for approximately 99% of operating revenue, triggering a $7.8 million credit-loss allowance. Eightco suspended new order fulfillment and stopped purchasing inventory for this relationship. The company raised $216 million through issuing 215 million new shares in the first half, bringing total shares outstanding to 429.8 million.
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