OCTO stock has actually surged over 1000% in pre-market trading after Eightco Holdings announced a groundbreaking $250 million partnership with Worldcoin. The OCTO stock price jumped from $1.45 to around $15.12 as Eightco secured Dan Ives as Chairman and also revealed plans for the world’s first Worldcoin treasury strategy. Right now, this marks one of the biggest single-day gains on record for the stock.
Octo Stock Price Surges As Eightco Holdings Secures Worldcoin Deal
Eightco Holdings’ announcement that technology analyst Dan Ives will join as Chairman while the company raises $250 million for its Worldcoin treasury bet triggered the massive OCTO stock rally. Traders have received the announcement positively, with retail sentiment surging to ‘extremely bullish’ territory.
Dan Ives stated:
“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).”
Strategic Partnership Details
Eightco Holdings plans to use the $250 million to acquire WLD tokens as its primary reserve asset, creating what’s being called the first corporate Worldcoin treasury strategy. The company also received an additional $20 million from BitMine, and their Chairman Tom Lee expressed support for the initiative.
Tom Lee stated:
“BitMine wants to support and back innovative projects that create value for the Ethereum network. As an ERC-20 native token, World is aligned with Ethereum.”
Even more interesting is that the partnership connects traditional corporate finance with cutting-edge cryptocurrency projects.
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Market Impact and Future Plans
The OCTO stock news today shows that retail chatter has risen to ‘extremely high’ levels from what were previously ‘low’ levels. At the time of writing, Eightco Holdings plans to change its ticker symbol to ‘ORBS’ following Nasdaq approval, which is expected on September 11.
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Worldcoin, co-founded by OpenAI’s Sam Altman along with Alex Blania, uses iris-scanning technology called the Orb to create digital identity verification. The WLD token has also gained nearly 20% following the OCTO stock announcement, reflecting broader market enthusiasm for the partnership.
Eightco expects the offering to close on September 11, and some market watchers believe this move could set a precedent for other companies looking to build cryptocurrency treasury strategies.