Eightco Holdings stock surged 3,000% after announcing plans to pursue a Worldcoin treasury strategy, selling $250 million worth of stock to buy Worldcoin tokens, co-founded by Sam Altman of OpenAI. Tech analyst Dan Ives named chairman of the board. Shares priced at $1.46 reached $76.

Following Michael Saylor’s Digital Asset Treasury strategy, Eightco may use proceeds to buy bitcoin and ethereum. BitMine Immersion, the largest corporate holder of Ethereum, will buy $20 million worth of Eightco stock. World uses Orb iris scanning technology for identity verification in exchange for Worldcoin tokens.

Ives launched the Dan IVES Wedbush AI Revolution ETF earlier this year. World is positioned to lead the AI-driven Fourth Industrial Revolution, providing infinite trust and authentication. The company plans to change its ticker to “ORBS” and will serve as a leading verification platform for consumers worldwide in the AI era.

Read more at Yahoo Finance: Dan Ives-backed Eightco sees stock explode nearly 3,000% after unveiling Worldcoin treasury strategy