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Sam Altman’s Worldcoin rallies 50% after massive treasury announcement
Yahoo Finance· 2025-09-09 12:36
Group 1 - Worldcoin (WLD) has surged over 50% in the last 24 hours, reaching an eight-month high of $2.03, following the announcement by Eightco Holdings regarding a crypto treasury model to acquire Worldcoin [1][5] - Eightco Holdings raised $250 million through a private placement and secured an additional $20 million investment from BitMine Immersion to support the acquisition of WLD tokens [3] - The appointment of Dan Ives, a veteran Wall Street analyst, as the new chairman of Eightco Holdings was also announced [3] Group 2 - Worldcoin is a cryptocurrency that powers Sam Altman's blockchain project, utilizing iris scanning for identity verification, which has faced criticism for privacy concerns [2] - Eightco Holdings is following the model of MicroStrategy, the first and largest Bitcoin treasury firm, by establishing itself as a treasury company for Worldcoin [4] - Following the offering's closure on September 11, Eightco plans to change its Nasdaq trading symbol from OCTO to ORBS, referencing Worldcoin's orb-shaped iris scanners [6]