The native token of the Sam Altcoin co-founded World Network surged by more than 40% on Sept. 8 after the Nasdaq-listed technology company Eightco Holdings announced a $250 million private placement to initiate a WLD treasury strategy. As shown by data, WLD rose to $1.51 having started the day trading just above $1.03, making it one of the best performing altcoins in the 24-hour period.
The altcoin’s price action brought its weekly gains to over 70% while traded volume surged to $2.15 billion, a dramatic increase from the less than $150 million where it ranged since Sept. 1. Meanwhile, the announcement also sparked a wild surge in Eightco Holdings stock to a high of $77.92, a more than 4,300% increase from its Sept. 5 price of $1.43. At the time of writing, the stock traded around $65.
According to a statement, the private placement transaction includes the sale of approximately 171.2 million shares of common stock at $1.46 per share, with an additional $20 million investment from Bitmine Immersion Technologies through the purchase of 13.7 million shares. The offering, led by MOZAYYX, attracted participation from a high-profile group of institutional investors including World Foundation, Discovery Capital Management, Kraken, Pantera, Coinfund, and Brevan Howard.
The closing of the offering is expected on or around Sept. 11, pending customary conditions and Nasdaq authorization. Upon completion, Eightco plans to adopt WLD as its primary treasury reserve asset, alongside secondary holdings in cash and ethereum ( ETH). The company will also change its Nasdaq ticker symbol to “ORBS.”
“This marks the next step in the AI revolution around authentication and Proof of Human,” said Dan Ives, newly appointed chairman of Eightco Holdings. “World is the internet of people. While AI gives us infinite abundance, World gives us infinite trust and authentication.”
Bitmine Chairman Tom Lee emphasized the strategic alignment between Worldcoin and Ethereum, calling the token “essential to future trust and safety between technology platforms and their billions of human users.”
The investment also marks the launch of Bitmine’s “Moonshot” strategy, aimed at backing bold projects that strengthen the Ethereum ecosystem. Eightco’s adoption of Worldcoin reflects growing interest in blockchain-based identity solutions as AI technologies reshape digital interaction and economic exchange.
“If we succeed in our mission, World might become the largest network of real people online,” Altman said. “It could fundamentally change how we interact and transact throughout the Internet.”
Eightco’s move positions the company at the forefront of a new wave of AI-integrated financial and identity infrastructure, with Worldcoin serving as both a reserve asset and a foundational technology for trust in the digital age.
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