Eightco Holdings experienced a staggering 3,000% surge in its stock price after announcing plans to implement a treasury strategy focused on Worldcoin, an innovative cryptocurrency linked to Sam Altman's eye-scanning identity project. The fintech company, known for its e-commerce inventory management, plans to raise approximately $250 million through a share sale of 171.23 million shares at $1.46 each to finance its acquisition of Worldcoin as a primary treasury asset. The price of Eightco shares skyrocketed to about $45.08 from a previous close of $1.45, highlighting strong investor interest. A notable backer is BitMine Immersion Technologies, which has invested significantly in the stock. Post-announcement, Worldcoin’s value also increased by 49.2%. Eightco aims to leverage these funds while continuing operations in its core business, marking a strategic expansion into cryptocurrency. Additionally, Dan Ives from Wedbush Securities was appointed as chairman of the board, signaling a shift towards AI and blockchain authentication.

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