Tom Lee-Backed Penny Stock Surges 5,700% After Surprise Investment

Eightco Holdings' stock surged 5,700% after announcing a $250 million private placement and adopting Worldcoin as its primary asset. BitMine Immersion, led by Tom Lee, invested an additional $20 million. The company also appointed Dan Ives as chairman. OCTO's stock jumped from $1.45 to $45, with an intraday high of $82.98, following the announcement.

Eightco Holdings Inc. (NASDAQ:OCTO) experienced a significant surge in its stock price on Monday, following the announcement of a strategic move to adopt Worldcoin (WLD) as its primary treasury asset. The company raised $250 million through a private placement, with an additional $20 million investment from BitMine Immersion Technologies (AMEX:BMNR). The stock price jumped from $1.45 to $45, reaching an intraday high of $82.98 [1].

Eightco's decision to integrate Worldcoin into its treasury strategy marks a bold shift in corporate finance. The company plans to use the proceeds to acquire Worldcoin tokens, which are built on the zero-knowledge proof of humanity credential system. This technology could become crucial in an increasingly AI-driven world, where verifying human identity is vital [2].

BitMine Immersion, led by Thomas "Tom" Lee, made a strategic $20 million investment in Eightco. This move is part of BitMine's "Moonshot" initiative, aimed at funding ambitious projects that bolster the Ethereum ecosystem. Lee, who is also the chairman of BitMine, believes that Worldcoin's unique credentials could be essential for future trust and safety between technology platforms and their human users [3].

Eightco also appointed well-known tech analyst Dan Ives as its chairman. Ives, an analyst with investment firm Wedbush, is known for his bullish views on tech giants like Nvidia and Tesla. His appointment signals a strategic alignment with the tech industry, further underscoring the company's commitment to innovative financial strategies [4].

The market's immediate reaction to Eightco's announcement was a 5,700% increase in stock price, highlighting investor optimism about the potential of Worldcoin and its role in corporate treasury management. The move also positions Eightco at the forefront of integrating blockchain technology into traditional finance, signaling a significant shift in how corporations manage their assets [1].

The financial transaction was facilitated by a consortium of major players, including investment firm MOZAYYX, Cantor Fitzgerald, and RF Lafferty & Co. The deal attracted capital from Pantera, Brevan Howard, Kraken, and the World Foundation, indicating broad institutional validation [3].

Upon closing, scheduled for around September 11, 2025, pending Nasdaq approval, Eightco will change its Nasdaq ticker symbol to "ORBS." This change reflects the company's new focus on Worldcoin and its underlying technology [2].

The Worldcoin token experienced extreme volatility following the announcement, surging 41% and reaching a high of $1.56 before stabilizing around $1.49. This price movement underscores traders' anticipation of substantial buying pressure from Eightco's forthcoming acquisitions and a reevaluation of WLD's fundamental value proposition in light of corporate adoption [3].

References:
[1] https://finance.yahoo.com/news/eightco-embraces-worldcoin-treasury-asset-132311924.html
[2] https://www.investing.com/news/company-news/eightco-holdings-raises-270-million-to-adopt-worldcoin-as-treasury-asset-93CH-4228622
[3] https://crypto.news/worldcoin-jumps-41-as-bitmine-backed-eightco-makes-wld-treasury-bet/
[4] https://finance.yahoo.com/news/dan-ives-backed-eightco-sees-stock-explode-nearly-3000-after-unveiling-worldcoin-treasury-strategy-173955620.html