In a move that sent shockwaves through the markets, Eightco Holdings announced a massive $270 million private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset. The news ignited a furious rally, sending the WLD token up 20% and causing Eightco’s own stock to skyrocket an astonishing 1,000% in a single day.
The $270 Million Treasury Strategy
The capital raise is a monumental bet on Worldcoin’s future. Eightco raised the funds through the sale of over 171 million shares at $1.46 each.
- BitMine’s Role: BitMine Immersion Technologies bolstered the raise with an additional $20 million investment.
- Ticker Change: Upon completion around September 11 (pending Nasdaq approval), Eightco will change its ticker symbol from OCTO to ORBS.
- Treasury Composition: The treasury will primarily hold Worldcoin (WLD), with smaller allocations to Ethereum and cash.
This establishes Eightco as the world’s first company to launch a dedicated Worldcoin treasury strategy.
Market Reaction: A Frenzy of Buying
The announcement triggered an immediate and explosive market reaction.
- Worldcoin (WLD): The token surged from $1.03 to nearly $1.30, marking its sharpest single-day gain in weeks.
- Eightco Stock (OCTO): The company’s Nasdaq-listed shares exploded, soaring over 1,000% from $1.45 to an intraday high of $17.34.
This incredible momentum shows the market’s excitement about a public company making such a bold, forward-looking bet on a digital identity project.
The Vision: Worldcoin as the “Internet of People”
The move is backed by a powerful vision for Worldcoin’s utility. Prominent Wall Street analyst Dan Ives was named Eightco’s new board chairman and framed WLD as the potential foundation for authentication in an AI-driven economy.
He called it the “internet of people,” a trusted layer crucial for the Fourth Industrial Revolution.
Sam Altman, Worldcoin’s co-founder, pointed to the project’s growing adoption, with over 16 million Proof of Human accounts created across 45 countries, as proof of its institutional credibility.
The Bottom Line
Eightco’s announcement is more than a treasury allocation; it’s a profound endorsement of Worldcoin’s mission to create a global, privacy-preserving digital identity network. While the project still faces regulatory scrutiny, this move signals that major investors believe in its long-term potential to become essential infrastructure for the future of the internet and AI. For the crypto market, it’s a reminder that corporate treasury strategies remain a powerful catalyst for price discovery.
