Worldcoin (WLD), the cryptocurrency supporting OpenAI CEO Sam Altman's blockchain project, has surged more than 50% in the last 24 hours.
The trigger for the sudden price uptick is the Pennsylvania-based Eightco Holdings (Nasdaq: OCTO) announcing a crypto treasury model to acquire Worldcoin.
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Sam Altman's Worldcoin as a treasury asset
Worldcoin or WLD is a cryptocurrency powering Altman's World blockchain project that uses iris scanning for identity verification and crypto ecosystem access.
The feature has been heavily criticized for allegedly violating user privacy, leading to several countries curtailing its operations in their jurisdictions.
After the likes of Bitcoin and Ethereum, Worldcoin has also found a home in a crypto treasury firm.
On Sep. 8, Eightco announced raising $250 million through a private placement along with an additional investment of $20 million from BitMine Immersion (NYSE: BMNR) to support the acquisition of WLD tokens. BitMine is the world's leading Ethereum treasury firm.
The firm also announced the appointment of Wall Street's veteran analyst Dan Ives as its new chairman.
Like many others, Eightco is also following in the footsteps of Michael Saylor's MicroStrategy (Nasdaq: MSTR), the world's first and largest Bitcoin treasury firm.
Following the announcement, Worldcoin's price rallied more than 50% in the last 24 hours to hit an eight-month high of $2.03.
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OCTO stock soars 5,700%
As reported earlier , the OCTO stock dramatically jumped as much as 5,700% to hit an intraday high of $82.98 on Sep. 8.
Once the offering closes on Sep. 11, the company intends to change the Nasdaq trading symbol of its stock from OCTO to ORBS. It is a reference to World's orb-shaped iris scanners.
This story was originally reported by TheStreet on Sep 9, 2025, where it first appeared in the MARKETS section. Add TheStreet as a Preferred Source by clicking here.
