Sam Altman ’s Worldcoin is the latest cryptocurrency to get the so-called treasury strategy treatment — when a publicly traded company uses a significant amount of cash on its balance sheet to buy digital assets.

On Monday, Eightco surged more than 3,000%, from $18 per share to $45 per share, off the announcement that it will purchase $270 million of Worldcoin — while Worldcoin skyrocketed nearly 50%, from $1.03 to $1.53.

The digital identity cryptocurrency project wants to authenticate every person on Earth by scanning their irises, generating a unique “IrisCode” but not, the company says, saving their biometric data. 3

Eightco will change its name to Orbs, an homage to the Worldcoin mission, when the deal officially closes later this week, pending Nasdaq’s approval.

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