Eightco $250M Worldcoin Reserve Plan Drives 3,000% Surge
Eightco Holdings announced a $250 million private placement to acquire Worldcoin (WLD) as its primary treasury reserve. The Nasdaq-listed company issued 171.2 million new shares at $1.46 each, backed by lead investors including Mozayyx, Sam Altman’s World Foundation, and BitMine Immersion Technologies, which took a $20 million stake. Dan Ives joined as chairman, and Ethereum (ETH) may serve as a secondary reserve. Following the announcement, Eightco’s stock jumped over 3,000%, peaking intraday at about $83 and closing at $45.08, lifting its market value from $4.4 million to $190 million. Worldcoin’s price rose nearly 50% to around $2, reflecting fresh investor interest. Despite regulatory concerns over Worldcoin’s iris-scanning Orbs and data privacy, corporate adoption adds credibility to the proof-of-personhood network. Eightco plans to rebrand its ticker to ORBS. The offer closes on September 11. This move highlights a growing trend of treasury diversification beyond Bitcoin and Ethereum and underscores the strategic role of blockchain-based identity solutions.
Bullish
Short-term, Worldcoin’s price surged nearly 50% on increased demand following the $250 million reserve announcement, driven by investor enthusiasm and media attention. The equity rally at Eightco signals strong market appetite for tokens tied to real-world treasury strategies. In the long term, corporate adoption and treasury diversification may boost confidence in Worldcoin’s proof-of-personhood use case, supporting sustained demand. However, regulatory scrutiny over iris-scanning Orbs and data privacy could introduce volatility, although broader acceptance by public firms tends to reinforce market stability.