9 September 2025
0 0
Worldcoin Surges 40% After Eightco Launches First WLD Treasury Strategy
Worldcoin (WLD) experienced a 40% daily increase following Eightco's announcement of the first treasury strategy for WLD. Analysts suggest potential for a 200% rise towards December highs.
Eightco Launches Worldcoin Treasury Strategy
- Eightco Holdings Inc. secured a $250 million private placement to implement the treasury strategy.
- The capital raise involved selling 171.2 million shares at $1.46 each, with an additional 13.7 million shares issued to BitMine, an Ethereum treasury company.
- BitMine invested $20 million in Eightco as part of its $270 million private investment initiative.
- The treasury strategy will prioritize WLD as the primary reserve asset, with ETH considered as a secondary asset.
- Eightco plans to change its Nasdaq trading symbol to ‘ORBS’ by September 11, 2025.
WLD Price Surge and Market Analysis
- Worldcoin broke above $1.50, reaching a three-month high of $1.58, after accumulating in the $0.60-$1.60 range for seven months.
- The price surged around 30% over the weekend, reclaiming the $1.00 mark.
- Market watchers noted a breakout from a two-month falling wedge, indicating a potential trend shift.
- Analysts predict a target price of around $4.00 if momentum continues, representing a possible 200% increase.
- As of now, WLD is trading at $1.51, reflecting a 73% gain over the week.