Eightco Holdings Inc. saw its shares soar over 3,000% after announcing plans to integrate Worldcoin as its main treasury asset, complemented by a $20 million investment from BitMine. The stock, closing at $1.43 before the announcement, surged to a high of $83.12 during trading, marking a significant increase. The company raised $250 million through private placements to acquire Worldcoin tokens and will change its Nasdaq ticker from OCTO to ORBS. Dan Ives, managing director at Wedbush Securities, emphasized the value of Worldcoin, noting it should be viewed as a technological infrastructure rather than just a cryptocurrency. Though the treasury will primarily focus on Worldcoin, Eightco may also hold cash and Ethereum as secondary assets. Worldcoin aims to establish a digital identity system using an iris-scanning device to verify users. Despite facing scrutiny over its biometric practices, Worldcoin claims a secure zero-knowledge protocol to protect users' data, with nearly 16 million accounts registered across 45 countries.

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