Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News
Eightco Holdings Inc. (NASDAQ:OCTO) shares soared 3,009%, climbing from $1.45 to $45.08, after announcing a $270 million Worldcoin (WLD) treasury strategy. The plan, backed by a $250 million private placement and $20 million from BitMine, positions Eightco as a crypto investment pioneer.
Worldcoin Treasury Strategy
Eightco’s initiative involves selling 171.2 million shares at $1.46 to raise $250 million, with BitMine purchasing 13.7 million shares for $20 million. The funds will acquire WLD as the primary treasury asset, with cash and Ethereum as secondary reserves. The company will rebrand its Nasdaq ticker to “ORBS” on September 11, 2025, aligning with Worldcoin’s iris-scanning technology (,).
Market Impact
The announcement triggered massive trading volume, with shares briefly hitting $83.12, a 5,000% intraday gain. Worldcoin’s price jumped 49% to $1.54, reflecting investor optimism (). Dan Ives, Wedbush Securities’ tech analyst, appointed as chairman, boosted credibility, emphasizing Worldcoin’s role in AI-driven identity verification ().
Why It Matters
Eightco’s move, led by MOZAYYX with investors like World Foundation and Pantera, signals growing institutional trust in crypto treasuries. It follows MicroStrategy’s Bitcoin model, potentially inspiring other firms to diversify with altcoins (). However, WLD’s volatility and regulatory scrutiny pose risks.
Eightco’s 3,000% stock surge underscores the market’s enthusiasm for its $270 million Worldcoin treasury plan. As crypto gains mainstream traction, investors should monitor Eightco’s strategy and WLD’s adoption for future opportunities.
