Eightco Goes Orbital: Dan Ives and Crypto Fuel a Market Rocket
From e-commerce to crypto and AI, Eightco Holdings shocks Wall Street with a meteoric rise and bold leadership shake-up.

Eightco Holdings Inc. stunned the market this week with a stock surge that can only be described as extraordinary. Shares skyrocketed nearly 48-fold to $69.54 on Monday, a staggering leap that has catapulted the company into Wall Street’s spotlight. Over the course of this year alone, the stock has multiplied 31 times, underscoring just how aggressively investors are piling in. At the heart of this surge is not only momentum in the crypto sector but also the appointment of a high-profile Wall Street name to its board.
Dan Ives Takes the Helm
Eightco’s announcement that Wedbush Securities analyst Dan Ives has been appointed chairman of its board sent shockwaves through financial circles. Ives, long recognized as one of the most influential voices in technology and artificial intelligence coverage, brings instant credibility to a company making an ambitious pivot. His move from analyst to corporate leader represents a rare and bold transition, giving Eightco an edge as it positions itself at the intersection of AI and crypto. In his own words, “The future of AI requires World to lead the way in this AI-driven Fourth Industrial Revolution. World is the internet of people. While AI gives us infinite abundance, World gives us infinite trust and authentication.”
A Bold Crypto Treasury Strategy
Eightco is not simply basking in the glow of its soaring stock price. The company is moving aggressively into the cryptocurrency space with a strategy centered on acquiring Worldcoin, the token underpinning OpenAI founder Sam Altman’s identity-verification project, World. To finance this bold move, Eightco is selling about 171.2 million shares of common stock at $1.46 apiece through a private placement, raising an estimated $250 million in gross proceeds. The offering, expected to close on September 11, positions Eightco to add crypto assets directly to its treasury, putting it in the same league as companies like MicroStrategy that have turned their balance sheets into a crypto bet.
