Worldcoin Soars 41% as BitMine-Backed Eightco Bets Big on WLD Treasury
Digital asset markets got another jolt of adrenaline as Worldcoin exploded with double-digit gains—proving once again that in crypto, even eyeball-scanning tokens can catch fire when institutional money comes knocking.
Eightco's Bold Treasury Gamble
The catalyst? Eightco—backed by mining giant BitMine—just placed a massive treasury bet on WLD. Not some cautious dip-buying, but a full-throated endorsement that sent shockwaves through altcoin markets. Suddenly everyone's asking if artificial intelligence meets biometric identity might actually be the next big narrative.
When traditional finance scoffs at 'magic internet money,' they forget that 41% moves happen before breakfast in this space. Meanwhile, hedge funds are still trying to figure out their Excel models.
Betting on the human layer
According to the press release, Eightco is positioning its treasury as a strategic hedge against the identity crisis posed by advanced AI. By allocating $250 million to acquire WLD, the company is betting that Worldcoin’s zero-knowledge proof-of-personhood protocol will become critical global infrastructure.
The vision was echoed by BitMine Immersion, whose separate $20 million strategic investment adds significant weight to the initiative.
“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. World’s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users,” Thomas (“Tom”) Lee, Chairman of BitMine, said.
Per the statement, this investment marks the launch of BitMine’s “Moonshot” strategy, aimed at funding ambitious projects that bolster the Ethereum ecosystem.
The financial transaction was orchestrated by a consortium of major players. The $250 million private placement was led by investment firm MOZAYYX, with financial advisory services from Cantor Fitzgerald. RF Lafferty & Co. acted as the exclusive placement agent. Notably, the deal attracted capital from Pantera, Brevan Howard, Kraken, and the World Foundation itself, indicating broad institutional validation.
Eightco said the offering is slated to close on or around September 11, 2025, pending standard closing conditions and Nasdaq authorization. Upon closing, the company will change its Nasdaq ticker symbol to “ORBS,” a nod to the hardware underpinning Worldcoin’s identity verification system.
Following the announcement, the Worldcoin token experienced extreme volatility, catapulting from a daily low of $1.03 to a high of $1.56. At the time of writing, the token has found support and is trading around $1.49, suggesting traders are anticipating substantial buying pressure from Eightco’s forthcoming acquisitions and are reevaluating WLD’s fundamental value proposition in light of corporate adoption.
