10.09.2025 02:54
According to internet sources, Eightco Holdings' stock experienced an unprecedented surge, climbing over 3,000% following the revelation of a $250 million strategy to adopt Worldcoin as its principal treasury asset. The move is being supported by BitMine.
The e-commerce inventory management firm, Eightco Holdings (NASDAQ: OCTO), made waves in the financial world today by unveiling plans to acquire $250 million worth of Worldcoin (WLD) for its primary treasury reserve. This strategic shift was facilitated through a private placement of approximately 171.2 million shares, each priced at $1.46.
The news incited an immediate and dramatic market response, propelling Eightco's stock to close at $45.08, a staggering increase from the previous session's closing price of $1.45. During the frenzy, shares briefly peaked at $82.98 before retracing slightly. Despite a minor dip in after-hours trading, the surge solidified its position as one of the most significant single-day gains for a Nasdaq-listed stock this year.
Underpinning Eightco's treasury initiative is BitMine Immersion Technologies, the largest corporate holder of Ethereum (ETH), which has pledged a $20 million investment. BitMine acquired 13.7 million Eightco shares as part of its broader "Moonshot" strategy aimed at expanding its Ethereum ecosystem holdings. Boasting control over more than 2 million ETH, valued at over $9.2 billion, BitMine ranks as the second-largest crypto treasury globally, second only to MicroStrategy's Bitcoin holdings. Tom Lee, Chairman of BitMine, has consistently emphasized Ethereum's pivotal role in converging Wall Street finance with artificial intelligence.
In the wake of Eightco's announcement, Worldcoin, the controversial cryptocurrency founded by OpenAI CEO Sam Altman, saw its value increase nearly 50% within a 24-hour period.
