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- WLD price jumped nearly 20% after Eightco treasury shift.
- Eightco stock surged over 1,000% intraday on Nasdaq.
- Institutional backing reinforces Worldcoin’s Proof of Human ecosystem.
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Worldcoin (WLD) surged nearly 20% on Monday after Eightco Holdings announced a $250 million private placement to adopt WLD as its primary treasury asset. The token climbed from $1.03 to just under $1.30, marking its most significant single-day gain in weeks. The market reaction underscores growing institutional confidence in Worldcoin’s Proof of Human model and its potential role in an AI-driven economy.
Eightco’s Strategic Treasury Shift
Eightco’s private placement involved the sale of over 171 million shares at $1.46 each, with BitMine Immersion Technologies adding a $20 million investment through 13.6 million shares. Once completed—pending Nasdaq approval expected around September 11—Eightco will change its ticker from OCTO to ORBS. The treasury strategy will prioritize Worldcoin while maintaining smaller holdings in Ethereum and cash.
Newly appointed board chairman Dan Ives highlighted Worldcoin’s potential as “the internet of people,” describing it as a trusted authentication layer in the Fourth Industrial Revolution. Despite regulatory scrutiny, particularly from Beijing over iris-scanning technology, the announcement immediately fueled both WLD trading and Eightco’s stock activity. Nasdaq-listed shares soared from $1.45 to $17.34 intraday—a staggering 1,000% increase.
Institutional Support and Market Implications
Sam Altman, Worldcoin co-founder, framed the treasury adoption as validation of the project’s institutional credibility, noting over 16 million Proof of Human accounts across 45 countries. Chairman Tom Lee emphasized the token’s alignment with Ethereum’s ERC-20 ecosystem, highlighting the Proof of Human model’s potential to enhance safety and trust for billions of users.
Also Read: Worldcoin (WLD) Jumps 25% on Quantum-Secure Upgrade
The funding round was led by MOZAYYX and supported by World Foundation, Kraken, Pantera, Discovery Capital, and Brevan Howard, with advisory guidance from RF Lafferty, Cantor Fitzgerald, and Moelis & Company. Analysts and investors view the treasury shift as a bold move that could redefine how companies integrate digital assets into balance sheets.
WLD Poised for Growth
Eightco’s aggressive treasury strategy positions Worldcoin at the center of its financial ecosystem while signaling growing institutional adoption. The combination of market enthusiasm, high-profile backing, and innovative Proof of Human technology suggests WLD could remain a focal point for both crypto and mainstream investors in the coming months.
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Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses
I’m your translator between the financial Old World and the new frontier of crypto. After a career demystifying economics and markets, I enjoy elucidating crypto – from investment risks to earth-shaking potential. Let’s explore!
