Eightco Holdings Secures $250 Million for Worldcoin Strategy, Rebrands to ORBS with Dan Ives as Chairman
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Wall Street tech analyst Dan Ives has been appointed Chairman of Eightco Holdings Inc., a company that recently secured a $250 million private placement to implement a Worldcoin (WLD) treasury strategy. The company, which rebranded its Nasdaq ticker symbol to "ORBS" effective September 11, 2025, aims to position itself at the forefront of AI-era identity verification. Ives discussed this pivotal new role, alongside his views on Palantir, Tesla, Apple, and Nvidia, during an interview with stock market commentator Amit Kukreja, as highlighted in a recent social media post by Kukreja.
Eightco Holdings' strategic shift involves making Worldcoin its primary treasury reserve asset, a move supported by a substantial $250 million private placement. Worldcoin, co-founded by OpenAI's Sam Altman, utilizes iris-scanning technology via a device called "the Orb" to create a decentralized digital identity, providing "Proof of Human" in an increasingly AI-driven digital landscape. This initiative also includes a $20 million strategic investment from BitMine Immersion.
Ives, a managing director and senior equity research analyst at Wedbush Securities, expressed strong conviction in Worldcoin's potential to address future authentication needs. "As someone that's so passionate about the AI revolution and the future of tech, I view World as really the de facto standard for authentication and identification in the future world of AI," Ives stated. He drew parallels between World Network's early potential and that of tech giants like Tesla, Nvidia, and Palantir, predicting it could become the "single sign-on for AI."
Despite regulatory investigations into Worldcoin's data practices in several countries, Ives defended the project, asserting it is "actually the most privacy-driven solution there is out there." His appointment aligns with a growing trend of public companies adopting crypto treasury strategies. The discussion with Kukreja also covered Ives' perspectives on other significant technology companies, including Palantir, Tesla, Apple, and Nvidia, underscoring his continued analysis of the broader tech market.