Packaging company Eightco purchased Worldcoin supported by Altman, with the stock price soaring nearly 50 times in a single day
Wallstreetcn·
- Eightco Holdings announced its strategy to purchase WorldCoin, leading to a nearly 5000% surge in its stock price.
- The company raised approximately $270 million through a stock sale to fund this initiative, with WorldCoin becoming its primary treasury reserve asset.
- This move aligns Eightco with other companies adopting cryptocurrency treasury strategies, aiming to replicate the success of MicroStrategy in the crypto market.