Eightco Stock Soars on Worldcoin Treasury Plan BitMine Boost
Eightco Holdings has captured Wall Street’s attention after unveiling a bold plan to allocate the majority of its corporate treasury into Worldcoin, while also securing fresh backing from crypto mining powerhouse BitMine. The announcement triggered one of the most dramatic rallies of the year, raising questions about whether digital identity tokens could become core reserve assets for public companies.
Historic Rally And Treasury Restructure
Eightco’s stock closed at $45.08 on Monday, an explosive rise from just $1.43 three days earlier. At its intraday peak of $83.12, shares surged more than 5,000%, fueled by the company’s disclosure that it raised $250 million via private placement to acquire Worldcoin (WLD) tokens.
This makes Eightco the first publicly traded company to commit its reserves predominantly to Worldcoin—a project that uses biometric “Orbs” to verify human identity and distribute WLD. According to CoinGecko, WLD itself jumped 49% to $1.54, hitting a seven-month high on the same day.
Eightco also confirmed that it will change its Nasdaq ticker from OCTO to ORBS on September 11, 2025, signaling a full brand pivot around World’s identity ecosystem. Once a small e-commerce support provider, Eightco is reinventing itself as a corporate pioneer in blockchain identity finance.
Source: Yahoo Finance
BitMine Joins The Move
The initiative gained further momentum after BitMine invested $20 million in Eightco. Known for holding more than two million ETH worth nearly $9 billion, BitMine described the deal as its “first major strike” beyond Ethereum accumulation. The miner’s entry highlights institutional interest in projects bridging blockchain infrastructure with digital identity solutions.
Eightco clarified that while Worldcoin will anchor its reserves, it may also hold Ethereum and cash as secondary assets, leaving room for future diversification. Ethereum, in particular, could serve as a “sibling network,” complementing World’s role in the broader treasury mix.
Beyond Worldcoin
Worldcoin—launched in 2023 and rebranded to “World” in 2024—was co-founded by OpenAI CEO Sam Altman. With a total supply of 10 billion WLD tokens, the project expanded Orb deployment this year to six major U.S. cities, including Atlanta, Los Angeles, and San Francisco, as it pushes for mass adoption of biometric identity verification.
Eightco’s move underscores how corporations are experimenting with digital identity tokens not just as speculative assets but as structural components of treasury strategy. The stock’s meteoric rise, combined with BitMine’s endorsement, highlights growing investor curiosity over whether identity-linked tokens could evolve into institutional-grade reserves.
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