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Eightco Holdings Director Buys 342466 Shares at $1.46 on 2025-09-09
ByAinvest
Wednesday, Sep 10, 2025 4:03 pm ET1min read
On September 9, 2025, Eightco Holdings Inc. (OCTO) disclosed that Director Caiano Nicola Paul acquired 342,466 shares of the company at a price of $1.46 per share.
On September 9, 2025, Eightco Holdings Inc. (OCTO) announced it has secured $270 million in funding from a group of investors. The funding round is a significant milestone for the company, which is known for its e-commerce inventory management solutions [1].In addition to the funding, Eightco Holdings also disclosed that Director Caiano Nicola Paul acquired 342,466 shares of the company at a price of $1.46 per share. This purchase, valued at approximately $500,000, was made on the same day as the funding announcement [2].
The company's stock price saw a substantial increase following the announcements. Eightco Holdings' stock closed at $45.08, which is up more than 3,000% from the previous session’s $1.45 close. The stock reached a peak of $82.98 before cooling off in after-hours trading [3].
The funding and stock purchase come on the heels of Eightco Holdings' announcement of a $250 million plan to adopt Worldcoin as its primary treasury reserve asset, backed by BitMine's $20 million investment. This move has sparked significant market interest and attention [3].
Worldcoin, founded by OpenAI CEO Sam Altman, gained nearly 50% in 24 hours after Eightco’s announcement, trading at $2.03. The token's recent rebound shows renewed investor interest, despite regulatory pushback over privacy concerns [3].
Eightco Holdings' pivot to Worldcoin as a treasury asset indicates a broader trend of corporations exploring digital currencies beyond Bitcoin and Ethereum. The company's strategic backing from BitMine and its leadership in digital identity and crypto adoption are key factors in this shift [3].
The story of Eightco Holdings and Worldcoin is still evolving, but the company's recent moves signal a significant shift in corporate strategies towards digital currencies and identity verification technologies.
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