Eightco's stock price has big pumped over 5,000%! Betting on Worldcoin and receiving investment from BitMine.

The US-listed company Eightco Holdings (formerly Nasdaq: OCTO) announced that it would primarily allocate its company funds to Worldcoin (WLD), and within three days, its stock price soared from $1.43 to $83.12, with an intraday increase of over 5,000%, marking one of the most astonishing market fluctuations this year. Subsequently, the crypto mining company BitMine, which holds a large amount of Ethereum assets, announced an investment of $20 million, further boosting the market's attention on digital identification tokens as corporate reserve assets.

The first publicly listed company with Worldcoin as its main reserve asset

Eightco announced the acquisition of Worldcoin through a private placement financing of $250 million, becoming the first publicly listed company to use the token as a primary reserve asset.

Brand Transformation: The company will change its stock code from OCTO to ORBS on September 11, 2025, highlighting its strategic positioning around the global digital identification ecosystem.

Asset allocation: Worldcoin as the core reserve, with Ethereum and cash as secondary assets, and potentially more encryption currencies may be included in the future.

BitMine Investment Boosts Market Heat

BitMine holds over 2 million ETH (worth about 9 billion USD), and this investment of 20 million USD in Eightco has been described as the first "moon landing" bet.

Strategic significance: It shows that its business is shifting from simple mining and accumulation of ETH to the intersection of blockchain and digital identification infrastructure.

Market reaction: Investors see this as an endorsement of Worldcoin's long-term potential by institutional funds.

The Background and Controversies of Worldcoin

Worldcoin was co-founded by OpenAI CEO Sam Altman, launched in 2023, and renamed "World" in 2024, with a total issuance of 10 billion WLD.

Technical features: Using a biometric device called Orb for identification and issuing tokens.

Market expansion: This year, Orb has expanded to six major cities in the United States, including Los Angeles, Miami, and San Francisco.

Price reaction: On the day the news was announced, WLD pumped 49% to $1.54, setting a seven-month high.

Digital identity token as a potential reserve for enterprises

The actions of Eightco highlight that some companies are viewing digital identification projects not just as technological investments, but as part of their financial strategy.

Institutional-grade asset potential: If Worldcoin's identification technology is widely adopted, its token may become a corporate reserve asset.

Market trends: As digital identity and blockchain infrastructure merge, more companies may follow Eightco's asset allocation model.

Conclusion

The historic surge in the stock price of Eightco, along with the entry of BitMine, has once again made Worldcoin the focus of the market. Although the digital identification token model as a reserve asset for enterprises is still in its early stages, this case may signal a new trend in the encryption market – in the future, there may be more encryption tokens linked to identity infrastructure appearing in corporate asset statements.