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Eightco Holdings' Stock Surges 1008% After $250 Million Private Placement Announcement

Eightco Holdings' Stock Surges 1008% After $250 Million Private Placement Announcement

Eightco Holdings’ unprecedented stock surge follows its $250 million Worldcoin-centric treasury strategy, bolstered by BitMine’s $20 million investment and plans to rebrand its Nasdaq ticker to ORBS.

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Fact Check
Multiple credible financial news sources (Yahoo Finance, MLQ.ai) directly corroborate the statement. The evidence confirms Eightco Holdings' shares surged 'over 1,000%' (Source 4) and '1000%' (Source 8) in pre-market trading immediately following the company's announcement of a $250 million private placement (Sources 1, 3, 6, 8).
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Summary

Eightco Holdings’ shares soared over 3,000% to close at $45.08 after unveiling a $250 million private placement to build a corporate treasury primarily around Worldcoin (WLD) tokens. The raise included a $20 million “moonshot” investment from crypto miner BitMine, which recently expanded its Ethereum holdings to over two million ETH. This marks the first corporate treasury strategy centered on Worldcoin, a controversial digital identity project rebranded from Worldcoin to World in October 2024, co-founded by OpenAI CEO Sam Altman. Newly appointed chairman Dan Ives described the move as a play on AI-driven authentication technology, with Ethereum and cash as secondary reserves. Eightco plans to change its Nasdaq ticker from OCTO to ORBS on September 11, 2025. Worldcoin rose 49% to $1.54, its highest since early 2024, following the announcement.

Terms & Concepts
  • Worldcoin (WLD): A cryptocurrency project designed to provide identity verification through zero-knowledge proofs, offering Proof of Personhood credentials to authenticate real users.
  • Treasury Strategy: A plan for managing a company's reserves and liquidity, potentially involving holdings in cryptocurrencies, fiat, or other assets.
  • Private Placement: A sale of securities directly to a select group of investors, rather than through a public offering.