Eightco Holdings’ (NASDAQ: OCTO), shares soared by more than 1,338% on opening day of trading after the company announced a financing worth $270 million and that it will adopt Worldcoin as its main treasury asset.
This move includes a private placement of $250 million and a strategic investment by BitMine Immersion Technologies, (NYSE: BMNR) for $20 million. It positions BitMine at the intersection between cryptocurrency, identification verification and artificial intelligence.
Eightco announced that it had priced 171.2 millions shares at $1.46 each, generating about $250 million in proceeds.
BitMine received 13.7 millions shares at the same rate, which generated $20 million.
Worldcoin is at the heart of Treasury Plan
The company will use the profits to purchase WLD tokens.
Worldcoin, an ERC-20 coin built on Ethereum is designed to verify your identity using its hardware “Orb”, which uses iris recognition. Its creators describe it as a proof of zero knowledge.
Eightco’s Nasdaq ticker will be changed to “ORBS”, reflecting the integration of Worldcoin Orb verification.
On September 11th, 2025 the $270 million investment is expected to be closed.
BitMine provides strategic support to BitMine
BitMine described the $20 million donation as part of their “Moonshot Initiative”, which aims to support projects that extend the Ethereum eco-system.
Tom Lee, Chairman of BitMine at Fundstrat and Head of Research said: “BitMine is looking to back and support innovative projects which create value for Ethereum’s ecosystem.”
The Worldcoin proof of humanity credentials, he said, could be essential to trust and security between billions users and technology platforms.
BitMine previously announced that it would allocate 1% of its total balance to projects which will boost Ethereum’s development.
Balance risk and potential
Analysts have described Eightco’s choice to use Worldcoin for its reserve as both innovative and speculative.
Advocates argue that the strategy could yield significant upside if Worldcoin’s identity-verification system gains traction amid rising demand for human authentication in AI-driven platforms.
Skeptics point out, however, the regulatory uncertainties surrounding biometric data, and the risk of tying the corporate reserve to an unstable token that is still in the early adoption stage.
Analysts at AInvest stated that the integration of WLD in Eightco’s Treasury introduces both strategic and speculative value.
Investors should ask themselves whether the pivot represents a genuine innovation of decentralized trust, or if it is merely a gamble.
Reaction and market outlook
Eightco shares surged upon the announcement of the transaction. The planned rebranding to ORBS is seen as an attempt to attract investors who are interested in blockchain technology, artificial intelligence, digital identity and other technologies.
Dan Ives’ involvement as Chairman, who is a well known fintech strategist and digital asset manager, adds credibility to this move.
The strategy still faces obstacles. The regulatory agencies are yet to provide clear guidelines on biometric tokens such as Worldcoin. Meanwhile, ethical discussions over consent and privacy continue.
Investors will closely monitor the closing date of September 11, to determine if Eightco’s venture reshapes the corporate treasury practice–or if it becomes a cautionary story in the move toward decentralized identification systems.
The post OCTO stocks soar 1,330% after $270M funding and Worldcoin treasury adopt may be updated as new information becomes available.
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