$OCTO
Eightco shares jump on $20M investment from Bitmine, world's first Worldcoin treasury strategy news
Sep. 08, 2025
Eightco Holdings (NASDAQ:OCTO) shares were surging as the packaging solutions provider announced a $20M investment from Bitmine Immersion Technologies (NYSE:BMNR).
OCTO stock was +2,503.45% to $37.75 during Monday late morning trading, while BMNR was +3.92% to $43.69.
Eightco priced a private placement for the purchase and sale of ~171.23M shares of common stock at $1.46 per share to raise aggregate gross proceeds of about $250M.
The capital is set to be used to implement the first-of-its-kind Worldcoin (WDC-USD) treasury strategy.
BitMine acquired 13.70M shares issued by Eightco for $20M.
The transaction was led by MOZAYYX with participation from institutional investors, including World Foundation, Discovery Capital Management, GAMA, FalconX, Kraken, Pantera, GSR, Coinfund, Occam Crest, Diametric, Brevan Howard, and BitMine.
The offering is expected to close on or about September 11.
The net proceeds from the offering will be used to acquire WLD for Eightco's treasury operations. Worldcoin is the native token of the blockchain used in Open AI creator Sam Altman's identity startup, World.
The company said Worldcoin will serve as its primary treasury reserve asset.
Additionally, Eightco intends to change its ticker symbol on Nasdaq to ORBS, effective September 11.
"I am so excited to be named Chairman of Eightco Holdings Inc., marking the next step in the AI revolution around authentication and Proof of Human (PoH)," said the newly-appointed board chairman, Dan Ives.
Ives is a managing director and senior equity research analyst covering the technology sector at Wedbush Securities, according to his LinkedIn profile.
Ives is known for his bold street calls (and fashion choices), and also runs the Dan Ives Wedbush AI Revolution ETF (IVES) focused on software and chips, noted CNBC News in a recent report.