Dan Ives to lead Eightco Holdings as new CEO and Chairman of the Board.

Dan Ives, a renowned tech and AI expert, has become the chairman of the board at World. The company aims to provide essential "proof of humanity" (PoH) in an increasingly automated world. World CEO Sam Altman states that if they succeed, World could become the largest online network of real people, fundamentally changing how we interact and conduct transactions online. The transaction was led by MOZAYYX with a strategic investment from BitMine Immersion (BMNR) and participation from World Foundation, Discovery Capital Management, and others.

Eightco Holdings' stock experienced a remarkable surge of 3,000% after the company announced a $270 million fundraise to purchase Worldcoin cryptocurrency. The stock's price soared from $1.45 to a high of $83.12, closing at $45.08 on Monday, September 9, 2025. This significant increase transformed the company's market capitalization from $4.4 million to $8.5 billion in just one weekend Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].

The catalyst for this surge was the appointment of Dan Ives, a prominent tech and AI analyst from Wedbush Securities, as the chairman of Eightco's board. Ives will continue his role as an analyst while chairing the board, a move that underscores his influence and expertise in the tech sector. The appointment was part of a broader strategy to align Eightco with the growing trend of digital asset treasuries, following the lead of companies like MicroStrategy Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].

Eightco plans to use the $270 million raised through a private placement at $1.46 per share to purchase Worldcoin tokens. Worldcoin, led by OpenAI CEO Sam Altman, is a cryptocurrency project that aims to provide "proof of humanity" (PoH) through a global biometric identity system. The company scans people's irises in exchange for Worldcoin tokens, with over 16 million participants in the past two years Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].

The digital asset itself saw a 46% increase in value following Eightco's announcement, further emphasizing the market's interest in Worldcoin and the broader crypto ecosystem. Worldcoin trades on major exchanges including Crypto.com, providing liquidity and accessibility for investors Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].

Several firms participated in the private offering, including MOZAYYX, BitMine Immersion (BMNR), World Foundation, and Discovery Capital Management. Cathie Wood, a prominent investor, is involved through her investment in BitMine. The company's strategy mirrors MicroStrategy's Bitcoin treasury model but trades at a much higher premium, with Eightco commanding roughly 30 times book value compared to MicroStrategy's 2 times book value Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].

Market analysts have noted the "frenzied" nature of current market conditions, with investors paying significant premiums for crypto exposure through equity wrappers. The trend has led to concerns about market premiums and the erosion of scarcity value that once made companies like MicroStrategy unique. However, the surge in Eightco's stock highlights the ongoing interest and investment in the crypto sector Eightco (OCTO) Stock: Dan Ives Joins as Chairman in 3,000% Surge on Worldcoin Buy^[1].