Eightco Shares Surge 3000% Amid Strategic Move to Embrace Worldcoin Cryptocurrency
Eightco Holdings Inc. witnessed an explosive rise in its stock price, soaring approximately 3000%, following its announcement to acquire Worldcoin (WLD) as a primary treasury asset and securing a $20 million strategic investment from BitMine Immersion.
Eightco, previously trading under the ticker OCTO, declared a substantial private placement raising $250 million, led by MOZAYYX with contributions from a prestigious group of institutional investors including the World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, and Brevan Howard. The additional backing by BitMine Immersion (NYSE American: BMNR) further energized market confidence.
The company plans to use the fresh capital primarily to purchase Worldcoin tokens, marking a pioneering move to hold a cryptocurrency as a treasury reserve asset. Concurrently, Eightco announced it will change its Nasdaq ticker symbol to ORBS effective around September 11, 2025, pending standard closing conditions including Nasdaq approval.
Dan Ives, newly appointed Chairman of the Board at Eightco, expressed enthusiasm about positioning the company at the forefront of the AI and authentication revolution. He emphasized Worldcoin’s foundational role in enabling proof of human identity, crediting co-founders Sam Altman and Alex Blania with pioneering a new era of AI-driven trust and authentication technology. Ives described Worldcoin as “the internet of people,” with AI providing infinite abundance and World delivering infinite trust.
Worldcoin launched in 2023 and underwent rebranding in 2024 to “World,” represented by the WLD token with a fixed supply of 10 billion tokens. The project has expanded its biometric identity verification infrastructure, deploying its Orb devices in six major U.S. cities — Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco — aiming for widespread adoption.
Experts note that Eightco’s adoption of Worldcoin as a treasury asset signals a novel corporate finance approach where digital identity tokens evolve beyond speculation into institutional-grade assets. This strategy has attracted heightened investor interest, evidenced by the dramatic surge in Eightco’s stock price and BitMine’s significant investment.
As the worlds of AI, blockchain, and identity verification intersect, Eightco’s move may set a precedent for other firms exploring the synergy between emerging technologies and corporate treasury management.