Shares of Eightco Holdings (NASDAQ: OCTO) experienced one of the most extreme surges on Wall Street when, on September 8, they rose by more than 5,500% in a single trading day, according to Finbold.

Shares of Eightco rise at an incredible pace

The stock closed at a peak of $83.12 according to TradingView, after trading at $1.50 just before the weekend. This sudden surge drew significant attention from investors and analysts, following the company’s announcement of a $250 million private placement and a $20 million strategic investment from BitMine Immersion Technologies (NYSE: BMNR).

Proceeds from the deal will be used to acquire Worldcoin (WLD), which will become Eightco’s primary reserve asset. The company describes this move as the world’s first Worldcoin treasury strategy, integrating technological innovations for digital accounts and identity verification.

According to a report from PR Newswire, the investment will allow the company to implement a unique treasury strategy with Worldcoin (WLD), which will become the company’s primary reserve asset. BitMine Immersion (BMNR) also contributed an additional $20 million. The goal is to support the development of digital identity through Worldcoin technology.

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Technological strategy with Worldcoin

The deal is supported by MOZAYYX with backing from the World Foundation, Discovery Capital Management, and Brevan Howard, with the expected closing scheduled around September 11, 2025, pending Nasdaq approval. Eightco also announced a Nasdaq ticker change from “OCTO” to “ORBS” and the appointment of tech and AI analyst Dan Ives as chairman of the board.

I am thrilled to be appointed chairman of Eightco Holdings Inc. (OCTO), marking another step in the AI revolution in authentication and Proof of Human (PoH). The world is the internet of people. While AI provides infinite abundance, World provides infinite trust and authentication, said Ives.

Worldcoin, co-founded by Sam Altman of OpenAI, already has nearly 16 million verified accounts across more than 45 countries, representing significant potential that Eightco aims to leverage. The Proof of Human technology uses Orb devices to scan irises for unique identity verification, enabling secure zero-knowledge digital accounts. This strategic move could transform the way digital assets and identities are managed globally.

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