Eightco Holdings, an organization providing cash-flow help and packaging companies for on-line sellers, recorded one of many sharpest market strikes of the 12 months after unveiling a plan to allocate its company treasury primarily to Worldcoin.
The corporate additionally secured contemporary backing from BitMine, a crypto mining agency with an intensive Ethereum portfolio, fueling hypothesis about whether or not digital identification tokens may play a better 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 excessive of $83.12, representing a achieve of greater than 5,000% at one level throughout the day. The surge adopted Eightco’s announcement that it raised $250 million by a non-public placement to buy Worldcoin (WLD) tokens.
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Eightco’s inventory chart (Nasdaq-listed). Supply: Yahoo Finance
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 identification and distribute WLD tokens. In keeping with CoinGecko information, Worldcoin jumped 49% on the identical day, reaching $1.54 and touching its highest value in seven months.
Eightco additionally confirmed that it’s going to 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 identification infrastructure.
Whereas Eightco’s reserves will give attention to Worldcoin, the corporate could preserve money and Ethereum as secondary property, doubtlessly including different cryptocurrencies later. The agency indicated that Ethereum, specifically, may act as a “sibling network” in a broader technique, complementing World with out displacing its major position.
Past 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 12 months, 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 identification verification.
Eightco’s resolution highlights how some corporations are experimenting with digital identification initiatives not solely as expertise bets but in addition as elements of company finance. The surge in its share value, mixed with BitMine’s participation, suggests traders are paying nearer consideration as to whether tokens tied to identification infrastructure may evolve into institutional-grade reserve property.
