OCTO Stock Soars 2000%+ After $270 Million Deal to Initiate Sam Altman-Backed Worldcoin Treasury

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Eightco Holdings (OCTO) shares surged more than 2,000% after the company raised $270 million to launch its Worldcoin treasury, a crypto project backed by OpenAI CEO Sam Altman.

Eightco announced the pricing and signing of a private placement for approximately 171,232,877 shares of common stock (or equivalents) at $1.46 per share, raising gross proceeds of about $250 million before placement agent fees and expenses. Additionally, 13,698,630 shares were issued to BitMine Immersion Technologies (NYSE AMERICAN: BMNR) at the same price for total proceeds of $20 million, bringing the transaction value to $270 million.

The financing was led by MOZAYYX, with participation from top institutional investors including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, CoinFund, Occam Crest, Diametric, and Brevan Howard. BitMine’s $20 million investment is part of its “Moonshot” strategy to back innovative projects that enhance Ethereum’s ecosystem.

The offering is expected to close on or around September 11, 2025, subject to customary conditions, including Nasdaq approval. Eightco plans to use the net proceeds to acquire Worldcoin (WLD) as its primary treasury reserve asset, making it the first public company to adopt Worldcoin as a core treasury strategy. While the treasury may also hold cash and Ethereum (ETH), WLD will remain the primary focus. Eightco also intends to change its Nasdaq ticker symbol to ORBS effective September 11.

“I am thrilled to be named Chairman of Eightco Holdings,” said Dan Ives, newly appointed Chairman of the Board. “Sam Altman and Alex Blania began this incredible journey, and the future of AI requires World to lead the way in this Fourth Industrial Revolution. AI provides abundance, but World delivers trust and authentication.”

Thomas (“Tom”) Lee, Chairman of BitMine, added: “BitMine wants to support innovative projects that create value for Ethereum. As an ERC-20 token, World aligns perfectly with Ethereum. Its zero-knowledge Proof of Human credential could become essential for future trust and safety across platforms and billions of human users.”

Worldcoin uses proprietary iris-scanning “Orb” hardware to verify unique humans, distribute tokens fairly, and build a universal digital identity infrastructure. Unlike fingerprints, Face ID, or passports, World’s zero-knowledge Proof of Human ensures biometric data is not stored on the blockchain, addressing identity challenges in an AI-driven world.

Sam Altman, co-founder of World, emphasized: “If we succeed in our mission, World could become the largest network of real people online, fundamentally transforming how humans interact and transact across the Internet.”

With this transaction, Eightco positions itself at the intersection of AI, blockchain, and identity verification, betting that Worldcoin will become the foundation of a trusted digital economy in the AI era.