Eightco Stock Soars on $270M Worldcoin Treasury Strategy

Eightco Holdings Inc. shares (NASDAQ: OCTO) surged 350% today after the company announced a $250 million private placement and a $20 million strategic investment to launch the world’s first Worldcoin treasury strategy. The move, effective immediately, will see Worldcoin tokens become Eightco’s primary treasury reserve asset.

Nut Graf: In a bid to pivot from inventory solutions to cryptocurrency-backed reserves, Eightco secured funding led by MOZAYYX with participation from institutional investors including World Foundation, Discovery Capital Management, Pantera, and Brevan Howard, marking a bold entry into the nascent Proof of Human authentication market.

Strategic Investment Details

Private Placement: 171.2 million shares sold at $1.46 each to raise $250 million.
Strategic Investment: BitMine Immersion Technologies acquired an additional 13.7 million shares for $20 million.
Use of Proceeds: Funds will purchase Worldcoin (WLD) tokens for treasury operations, alongside cash and Ethereum reserves.
Closing Date: Expected September 11, 2025, pending NASDAQ approval.

Leadership and Ticker Change

New Chairman: Wall Street analyst Dan Ives joins Eightco’s board to guide its AI-driven Proof of Human initiatives.
Ticker Update: Trading symbol will change from “OCTO” to “ORBS” on September 11, 2025, aligning with Worldcoin’s iris-scanning Orb technology.

Market Reaction

Shares jumped from $1.46 to over $6.50 in early trading, reflecting investor enthusiasm for a crypto-backed treasury approach. The company’s market capitalization now exceeds $11 million as traders flock to the speculative new strategy.