This Penny Stock Just Soared 4,000% on a Key Worldcoin Investment. Should You Buy Its Shares Here?

Eightco (OCTO) shares soared more than 4,000% on Monday after the company said Sam Altman-backed Worldcoin will be its primary treasury reserve asset moving forward.

According to the Pennsylvania-headquartered firm, it has raised about $250 million in fresh capital via a private offering, funds it plans on using to load up on the aforementioned cryptocurrency.

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Eightco has named Wedbush analyst Dan Ives as chairman to lead this crypto pivot. Compounding enthusiasm today is BitMine Immersion’s (BMNR) additional investment worth $20 million in OCTO stock.www.barchart.com

Why Is the WLD News Positive for Eightco Stock?

The explosive rally in OCTO shares this morning reflects investor excitement over the company’s bold pivot into cryptocurrencies.

Eightco has already raised some $250 million successfully to kick-off its new strategy, indicating strong institutional interest. Meanwhile, BMNR’s investment compounds confidence in the pivot.

Additionally, naming Dan Ives as a chairman adds credibility, aligning the firm with a high-profile tech analyst. Together, these moves position Eightco as a first-mover in WLD treasury adoption, attracting speculative momentum and narrative-driven inflows.

For a microcap name like OCTO stock, this trifecta – fresh capital, strategic leadership, and crypto alignments – creates a potential cocktail of perceived upside and market attention.

Why OCTO Shares Aren’t Worth Owning in 2025

Despite its headline-grabbing crypto treasury strategy, Eightco remains fundamentally unattractive to own in 2025 mostly because it was a penny stock ahead of today’s announcement.

Penny stocks are broadly seen as high-risk investments because they often have low institutional ownership and limited liquidity, which makes them susceptible to manipulation and unusually high volatility.

Moreover, OCTO stock doesn’t currently receive Wall Street coverage, leaving investors deprived of credible earnings forecasts, valuation models, or professional scrutiny, all of which simply means increased risk.

The firm’s Worldcoin treasury strategy, while novel, exposes it to material regulatory uncertainty and token volatility.

Without clear execution, audited growth metrics, or institutional validation, this crypto stock remains more of a narrative-driven trade than a sound long-term investment. The hype sure is loud, but the balance sheet whispers caution.

On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

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