Eightco Jumps 3,000% on Worldcoin Treasury Pivot, Ives Role (1)

For much of the past three years, Eightco Holdings Inc. was little more than a penny stock. On Monday, all that changed, as the e-commerce company soared over 3,000% after announcing a plan to buy digital tokens backed by OpenAI’s Sam Altman and naming Wall Street analyst Dan Ives as chairman.

The shares, which at one point catapulted as much as 5,632% during the trading day, ended at $45.08, up from $1.45 on Friday.

Before the opening bell, Eightco said in a statement that it agreed to sell about 171.2 million shares priced at $1.46 apiece in a private placement ...