Eightco Holdings, a company that provides cash flow support and packaging services to online sellers, recorded one of the sharpest market moves after announcing plans to allocate the Ministry of Corporate Treasury, primarily to WorldCoin.
The company also secured fresh support from Bitmine, a crypto mining company with a large Ethereum portfolio, and encouraged speculation about whether digital identity tokens could play a major role in corporate preparation.
Historic meetings and reorganization of the Ministry of Finance
On Monday, eight shares closed at $45.08 after a low trading of $1.43 just three days ago. The stock temporarily hit an intraday high of $83.12, representing earnings of more than 5,000% at one time in the day. Surge followed EightCo’s announcement that it had raised $250 million through a private placement to purchase World Coin (WLD) tokens.
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The move was marked by the first public company that promised to build its preparations around WorldCoin, primarily. The controversial project uses biometric devices known as ORBs to verify human identity and distribute WLD tokens. According to Coingecko data, WorldCoin jumped 49% on the same day, reaching $1.54, reaching its highest price in seven months.
Eightco also confirmed that on September 11, 2025, Nasdaq Ticker will be changed from Octo to Orbs. The ticker adjustment highlights the company’s intention to brand it into a global identity-driven ecosystem, reflecting a strategic departure from its origins as a small e-commerce operator.
Eightco’s initiative gained even more momentum when Bitmine invested $20 million in the company. Bitmine, which already owns over 2 million ether, worth around $9 billion, has described the deal as its first “moonshot” bet. In the case of Bitmine, the transaction demonstrates its willingness to diversify from mining and Ethereum accumulation at the intersection of blockchain and digital identity infrastructure.
EightCo’s reserves will focus on WorldCoin, but the company will hold cash and Ethereum as secondary assets, and may add other cryptocurrencies later. The company has shown that Ethereum in particular can act as a “brother network” in a broader strategy, and can complement the world without stoking away its main role.
Beyond WorldCoin
Released in 2023 and rebranded as “World” in 2024, WorldCoin was co-founded by Openai CEO Sam Altman and has a total supply of 10 billion WLD tokens. Earlier this year, the project expanded the Orb Rollout to six major cities: Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco. We expanded our footprint in pursuit of wider adoption of biometric-based identity verification.
EightCo’s decision highlights that some companies are experimenting with digital identity projects not only as technology bets but also as components of corporate finance. Coupled with Bitmine’s participation, its stock price surge suggests investors are paying close attention to whether tokens associated with Identity infrastructure can evolve into facility-grade reserve assets.
