Eightco Holdings (NASDAQ: OCTO Stock) exploded 3,800% in volatile trading after announcing a groundbreaking $250 million private placement to adopt Worldcoin (WLD) as its primary treasury reserve asset. The fintech company’s stock price rocketed from $1.45 to as high as $57.10, marking the largest single-day gain in its history.
Wall Street Veteran Dan Ives Takes Chairman Role
Wall Street technology analyst Dan Ives has been appointed as Eightco’s chairman to lead this unprecedented crypto treasury strategy. Known for his expertise in AI and fintech, Ives described Worldcoin as “the benchmark for authentication and identification in the forthcoming AI landscape”. He emphasized that this initiative goes beyond cryptocurrency speculation, positioning World as “the internet of people” in the Fourth Industrial Revolution.
Historic $270M Funding Round Details
The funding comprises $250 million from a private placement of 171.2 million shares at $1.46 each, plus an additional $20 million strategic investment from BitMine Immersion Technologies. The transaction was led by MOZAYYX with participation from premier institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, and Brevan Howard.
The offering is expected to close around September 11, 2025, subject to Nasdaq approval. Following the closing, Eightco will change its ticker symbol from OCTO to “ORBS” to reflect its integration with Worldcoin’s Orb verification system.
Worldcoin Surges 41% on Corporate Adoption
Worldcoin (WLD) token rallied 41% from $1.03 to $1.56 following the announcement. The token’s trading volume tripled to $934 million, with its market cap reaching $2.48 billion. This surge represents the first time a publicly traded company has adopted Worldcoin as a primary treasury reserve asset.
Whale accumulation drove additional momentum, with large wallet balances increasing from 6.94 million to 7.25 million tokens in 24 hours. The Smart Money Index hit its highest reading in 48 days at 0.605, indicating strong institutional confidence.
Strategic Vision: AI Authentication Revolution
Eightco’s strategy centers on Worldcoin’s zero-knowledge Proof of Human (PoH) technology, which currently supports nearly 16 million accounts across 45+ countries. Sam Altman, Worldcoin’s co-founder, stated: “If we succeed on our mission, World might become the largest network of real people online, fundamentally changing how we interact and transact throughout the Internet”.
The treasury strategy positions Eightco at the intersection of cryptocurrency, identity verification, and artificial intelligence. Tom Lee, chairman of BitMine, highlighted that Worldcoin’s proof-of-humanity credentials could prove essential for trust and safety between technology platforms and billions of human users.
Market Impact and Future Outlook
The announcement triggered extreme volatility with trading volume exceeding 145 million shares compared to the typical 4 million daily average. Retail sentiment on Stocktwits surged to “extremely bullish” from neutral, with chatter reaching “extremely high” levels.
Analysts describe the strategy as both speculative and innovative. Advocates argue significant upside potential if Worldcoin’s identity-verification system gains traction amid rising demand for human authentication in AI-driven platforms. However, skeptics point to regulatory uncertainty surrounding biometric data and risks of volatile token exposure.
With futures showing a long/short ratio of 1.09 and technical analysts eyeing a potential breakout toward $1.50-$2.00 for WLD, this corporate treasury adoption could reshape how companies approach digital asset strategies.