Worldcoin (WLD) has seen a 40% daily jump following Eightco\u2019s announcement of the first WLD treasury strategy in the world. Amid the rally, some analysts suggest that the cryptocurrency could see a 200% run to the December highs.<\/p>\n
On Monday, public e-commerce infrastructure firm Eightco Holdings Inc. announced<\/a> it has secured a $250 million private placement to implement the first-of-its-kind Worldcoin treasury strategy.<\/p>\n According to the press release, Eightco\u2019s capital raise involved the sale of 171.2 million shares of common stock at $1.46 per share, with an additional 13.7 million shares issued to BitMine, the largest Ethereum (ETH) treasury company, at the same price.<\/p>\n On September 8, BitMine announced<\/a> a $20 million strategic investment into Eightco Holdings Inc. (NASDAQ:\u00a0OCTO) as part of OCTO\u2019s $270 million\u00a0private investment in public equity.<\/p>\n BitMine\u2019s investment marks the start of its \u201cMoonshot\u201d strategy, aiming to allocate 1% of the company\u2019s balance sheet into projects to strengthen the Ethereum ecosystem and create value for BitMine equity shareholders.<\/p>\n Thomas \u201cTom\u201d Lee, Chairman of BitMine, noted that the company \u201cwants to support and back innovative projects that create value for the\u00a0Ethereum\u00a0network. As an ERC-20 native\u00a0token, World is aligned with\u00a0Ethereum. World\u2019s unique zero-knowledge Proof of Human credential could be essential to future trust and safety between technology platforms and their billions of human users.\u201d<\/p>\n Eightco stated that proceeds from the private placement will allow the company to adopt Worldcoin as its primary treasury<\/a> reserve asset. It added that the treasury may also hold ETH as a secondary reserve asset, but the primary emphasis will be on WLD.<\/p>\n \u201cWorldcoin will serve as the Company\u2019s primary treasury reserve asset. In connection with the closing of the offering, the Company intends to change the Nasdaq trading symbol of its common stock to \u2018ORBS\u2019, which is expected to take effect on\u00a0September 11, 2025,\u201d the press release reads.<\/p>\n Following the announcement, Worldcoin broke above the $1.50 barrier, hitting a three-month high of $1.58 and nearing a crucial resistance level. The cryptocurrency has been accumulating<\/a> between the $0.60-$1.60 price range for the past seven months, failing to break out of this range during the May and August rallies.<\/p>\n However, WLD has been recently gaining momentum, with its price surging around 30% over the weekend and reclaiming the $1.00 mark. Market watcher Alpha Crypto Signals noted that Worldcoin broke out of a nearly two-month falling wedge on the daily chart, signaling a potential trend shift for the token.<\/p>\n They highlighted that WLD reclaimed the 9 EMA after the breakout, and the push beyond key resistance levels gave bulls the upper hand, adding that \u201cWLD buyers took control exactly as anticipated.\u201d<\/p>\nWLD Breakout Eyes 200% Rally<\/h2>\n