World

Industrial

Worldcoin

Shares in an e-commerce inventory management platform rocketed over 3,000% in a day after announcing plans to buy and hold Worldcoin, the cryptocurrency behind Sam Altman’s eye-scanning digital identity project.
Eightco Holdings <a href="https://www.prnewswire.com/news-releases/eightco-holdings-inc-octo-announces-250-million-private-placement-with-an-additional-20-million-strategic-investment-from-bitmine-bmnr-to-initiate-worlds-first-worldcoin-wld-treasury-strategy-302549012.html" rel="noopener noreferrer nofollow" target="_blank">said</a> on Monday that it was looking at a share sale targeting gross proceeds of around $250 million to “implement the first-of-its-kind Worldcoin treasury strategy.” The sale comprises a private placement of 171.23 million common shares for $1.46 each.
It added BitMine Immersion Technologies, which has the <a href="https://cointelegraph.com/news/7-largest-ether-treasury-companies-by-holdings" rel="noopener noreferrer nofollow">largest Ether</a> (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>) holdings among public firms, and has purchased 13.7 million common shares for $20 million.
Eightco is the latest in a series of non-crypto companies that have started stockpiling cryptocurrencies. The trend has sparked some concerns <a href="https://cointelegraph.com/news/crypto-treasuries-bumpy-ride-premium-nav-narrow-nydig" rel="noopener noreferrer nofollow">about the health</a> of such firms as the market gets more crowded.
<h2 id="eightco-shares-close-trading-up-3-000">Eightco shares close trading up 3,000%</h2>
Shares in Eightco Holdings (OCTO) closed trading on Monday up nearly 3,009% at $45.08, cooling from an intraday high of over $80 but rising from its $1.45 close on Friday.
The stock’s rally cooled slightly after hours, dropping almost 6% to $42.40.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2025-09/01992cfb-1f55-7052-be3e-8553c6794ef6" title="" alt="Fintech Eightco surges 3,000% after plan to amass Worldcoin">
 <figcaption style="text-align: center;">
 Eightco’s stock surged on Monday after announcing its Worldcoin treasury. Source: <a href="https://www.google.com/finance/quote/OCTO:NASDAQ?window=YTD" rel="noopener noreferrer nofollow" target="https://www.google.com/finance/quote/OCTO:NASDAQ?window=YTD">Google Finance</a>
 </figcaption>
</figure>
Eightco said its $250 million offering is expected to happen on Thursday with participation from the World Foundation, Kraken and FalconX, among others.
It will use the funds to buy Worldcoin (<a href="/worldcoin-wld-price-index" rel="noopener noreferrer">WLD</a>) as a “primary treasury reserve asset, while continuing its focus on the core business operations.” It may also buy Ether (<a href="/ethereum-price" rel="noopener noreferrer">ETH</a>) as a secondary asset.
It added that it plans to change its ticker symbol on the Nasdaq to “ORBS” that same day, referencing the eyeball-scanning devices used by Worldcoin issuer World Network.
Altman, the co-founder and CEO of OpenAI, founded the project to authenticate humans online, giving them Worldcoin and access to an ecosystem of partner companies in exchange for scanning their eyes.
The project has <a href="https://cointelegraph.com/news/alarm-bells-us-openai-world-privacy-concerns" rel="noopener noreferrer nofollow">caught the ire</a> of regulators for <a href="https://cointelegraph.com/news/south-korea-fines-worldcoin-personal-data-violations" rel="noopener noreferrer nofollow">violating privacy laws</a> and has seen its <a href="https://cointelegraph.com/news/brazil-bans-worldcoin-giving-crypto-eye-scans" rel="noopener noreferrer nofollow">operations restricted</a>, suspended and outright banned in some countries.
“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,” Altman said in a statement.
<h2 id="eightco-names-dan-ives-as-chairman">Eightco names Dan Ives as chairman</h2>
Eightco said that Dan Ives, the head of tech research at brokerage Wedbush Securities, would join as chairman of the board.
Ives is known for his high-profile takes on the tech industry, claiming in December that the tech sector would be in a bull market for up to three years. He also launched an exchange-traded fund earlier this year tracking companies in the artificial intelligence space.
Related: <a href="https://cointelegraph.com/news/ark-invest-buys-shares-bitmine-crosses-2m-eth-milestone" rel="noopener noreferrer nofollow">ARK Invest buys $4.4M in BitMine stock as its treasury crosses 2M ETH</a>
Ives said his appointment marks ”the next step in the AI revolution around authentication and Proof of Human.”&nbsp;
“The future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution,” he added.
<h2 id="world-gains-on-eightco-s-treasury-pivot">World gains on Eightco’s treasury pivot</h2>
Meanwhile, Worldcoin has gained 49.2% in the past 24 hours on Eightco’s treasury plan.
The token is trading at $1.54 and has enjoyed a rally of 80.5% in the past seven days.
Earlier this year, on April 7, Worldcoin sank to an all-time low of around 58 cents, but made a comeback alongside the crypto market. It is, however, down about 87% from its peak of $11.74 in early March 2024.
AI Eye: <a href="https://cointelegraph.com/magazine/chatgpt-linked-murder-suicide-after-accidental-jailbreak-ai-eye/" rel="noopener noreferrer nofollow">‘Accidental jailbreaks’ and ChatGPT’s links to murder, suicide</a>

Fintech Eightco surges 3,000% after plan to amass Worldcoin

Table of Contents

Cointelegraph

Other articles published on Sep 9, 2025

FLOKI Breaks Out of Bullish Wedge — What’s Next for This Meme Coin Rally?

Ethena USDe (USDE) Hits Binance: Why Traders Are Watching This Listing Closely

XRP Price Prediction for Today, September 9

Shiba Inu Slides Hard, AAVE Stalls Below $318, BlockDAG Grabs Attention With $0.0013 Entry and Up...

US Congress seeks report ironing out details of Bitcoin reserve

“We Are Bullish Hyperliquid,” VanEck CEO Says As HYPE Price Hits New ATH

Join our free newsletter for daily crypto updates!