Eightco Shares Skyrocket on Worldcoin Treasury Move and BitMine Backing
Eightco Holdings, an organization providing cash-flow assist and packaging companies for on-line sellers, recorded one of many sharpest market strikes of the yr after unveiling a plan to allocate its company treasury primarily to Worldcoin.
The firm additionally secured contemporary backing from BitMine, a crypto mining agency with an in depth Ethereum portfolio, fueling hypothesis about whether or not digital id tokens may play a higher position in company reserves.
Historic Rally and Treasury Restructuring
On Monday, Eightco shares closed at $45.08 after buying and selling as little as $1.43 solely three days earlier. The inventory briefly hit an intraday high of $83.12, representing a acquire of greater than 5,000% at one level in the course of the day. The surge adopted Eightco’s announcement that it raised $250 million by way of a non-public placement to buy Worldcoin (WLD) tokens.
The transfer marked the primary publicly traded firm dedicated to structuring its reserves primarily round Worldcoin. The controversial challenge makes use of biometric gadgets often called Orbs to confirm human id and distribute WLD tokens. According to CoinGecko knowledge, Worldcoin jumped 49% on the identical day, reaching $1.54 and touching its highest value in seven months.
Eightco additionally confirmed that it’ll change its Nasdaq ticker from OCTO to ORBS on September 11, 2025. The ticker adjustment underscores the corporate’s intention to model itself round World’s identity-driven ecosystem, reflecting a strategic departure from its origins as a small e-commerce operator.
Eightco’s initiative gained additional momentum when BitMine invested $20 million into the corporate. BitMine, which already holds over two million Ether valued at roughly $9 billion, described the transaction as its first “moonshot” guess. For BitMine, the deal alerts a willingness to diversify from mining and Ethereum accumulation into initiatives on the intersection of blockchain and digital id infrastructure.
While Eightco’s reserves will focus on Worldcoin, the corporate might maintain money and Ethereum as secondary property, probably including different cryptocurrencies later. The agency indicated that Ethereum, specifically, may act as a “sibling community” in a broader technique, complementing World with out displacing its main position.
Beyond Worldcoin
Worldcoin, launched in 2023 and rebranded as “World” in 2024, was co-founded by OpenAI CEO Sam Altman and has a complete provide of 10 billion WLD tokens. Earlier this yr, the challenge expanded its Orb rollout to 6 main US cities—Atlanta, Austin, Los Angeles, Miami, Nashville, and San Francisco—strengthening its footprint because it seeks wider adoption of biometric-based id verification.
Eightco’s resolution highlights how some corporations are experimenting with digital id initiatives not solely as expertise bets but additionally as parts of company finance. The surge in its share value, mixed with BitMine’s participation, suggests buyers are paying nearer consideration as to if tokens tied to id infrastructure may evolve into institutional-grade reserve property.
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