Eightco Holdings (ORBS) Soars 5,632% on Crypto Treasury Foray

We recently published 10 Stocks That Made Millionaires in Just a Week. Eightco Holdings Inc. (NASDAQ:ORBS) is one of the best performers in last week’s trading.

Eightco Holdings soared by as much as 5,632 percent week-on-week as investors loaded portfolios following its foray into the cryptocurrency treasury strategy and securing million-dollar investments from various companies.

In a statement, Eightco Holdings Inc. (NASDAQ:ORBS) said it was able to raise $290 million in fresh funds from a private placement by Mozayyx ($270 million) and Bitmine Immersion ($20 million) for the establishment of a Worldcoin treasury strategy.

Eightco Holdings Inc. (NASDAQ:ORBS) said proceeds from the funds will be used to acquire and hold Worldcoin (WLD) as its treasury reserve asset, while continuing its focus on the core business operations.

While its primary focus is to acquire Worldcoin, it may also hold cash and acquire Ethereum as its secondary reserve assets.

“Proof of Human is the next critical step in the AI revolution, and World is uniquely positioned to deliver the trust, verification, and authentication that the world needs as AI becomes more deeply embedded in every aspect of our lives,” said newly appointed Eightco Holdings Inc. (NASDAQ:ORBS) chairman Dan Ives.

While we acknowledge the potential of ORBS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.