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Eightco Stock Soars 3,800% on Worldcoin Accumulation Plan

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Eightco Holdings (OCTO.O) shares exploded on Monday, surging more than 3,800% after the fintech firm announced plans to raise capital and buy large amounts of Worldcoin, the cryptocurrency co-founded by OpenAI CEO Sam Altman.

The stock skyrocketed to $38.10 from Friday’s close of $1.45, marking the company’s biggest one-day gain on record. Trading volume exceeded 145 million shares, far above its 30-day average of under 5 million.

Eightco said it will raise about $250 million through a private placement of 171,000 shares at $1.46 each, with proceeds dedicated to acquiring Worldcoin. Peter Thiel-backed BitMine, which runs a similar strategy by stockpiling ether, will also invest $20 million.

The strategy mirrors Michael Saylor’s MicroStrategy, the largest corporate holder of bitcoin, and comes as U.S. crypto markets surge under supportive Trump-era regulations.

Worldcoin, launched in 2019, pairs a digital ID system with crypto distribution, offering users tokens in exchange for biometric iris scans. The total value of Worldcoin tokens stands at $2.7 billion, per CoinGecko.

Adding to momentum, Daniel Ives, a senior analyst at Wedbush Securities, will become board chairman of Eightco. The firm plans to change its ticker to “ORBS” on the Nasdaq around September 11.

Until now, Eightco was a tiny player: with just 3 million shares outstanding and a market cap of $4.4M as of last close, Monday’s rally represents a seismic shift in scale for the company.

Bullish Shares Surge on NYSE Debut, Valued at $13.2 Billion

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Cryptocurrency exchange Bullish, backed by Peter Thiel and parent of CoinDesk, saw its NYSE shares more than double in their debut, valuing the company at approximately $13.16 billion. The stock opened at $90 and traded as high as $118, far above its $37 IPO price, highlighting strong investor confidence in the crypto sector. Bullish raised $1.11 billion in the IPO, giving it an initial valuation of $5.4 billion.

The surge comes amid a series of regulatory wins for crypto in the U.S., increased corporate adoption, and growing ETF inflows. Bullish targets institutional clients, aiming for stable, recurring revenue, and is close to obtaining a New York BitLicense to operate under regulatory requirements including KYC, anti-money laundering, and capital standards.

Executives cited institutional demand and a favorable regulatory environment as key drivers, noting that other crypto exchanges such as Gemini and Grayscale have also filed to go public. Bullish CEO Tom Farley, former NYSE president, brings leadership experience that may help secure institutional mandates.

Bullish Prices IPO Above Range, Raises $1.11 Billion

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Bullish, the cryptocurrency exchange backed by billionaire Peter Thiel and owner of media outlet CoinDesk, has priced its U.S. initial public offering (IPO) at $37 per share, above its earlier target of $32–$33. The offering raised $1.11 billion from 30 million shares, valuing Bullish at $5.41 billion.

The IPO comes as U.S. equity markets see a rebound after more than two years of a dry spell. Other high-profile recent offerings include stablecoin issuer Circle Internet, whose shares have surged over 400% since its IPO in June, and design software maker Figma, which jumped 250% in its market debut two weeks ago.

Bullish, led by former NYSE president Tom Farley, operates a crypto exchange offering spot trading, futures, and derivatives, and is expected to begin trading on the NYSE under the ticker “BLSH” on Wednesday. Institutional investors such as BlackRock and Cathie Wood’s Ark Investment Management have committed to buy up to $200 million in shares. JPMorgan, Jefferies, and Citigroup are the IPO’s lead underwriters.

The listing reflects growing investor confidence in crypto, bolstered by U.S. President Trump’s July law creating a regulatory framework for stablecoins—a move widely seen as legitimizing the crypto industry.