Eightco Holdings Builds $374M Crypto Treasury With WLD Bet
Eightco Holdings (ORBS), a Nasdaq-listed company, disclosed total holdings of approximately $374 million on May 28. The portfolio includes more than 283 million Worldcoin (WLD) tokens, over 11,000 Ethereum (ETH) tokens, a direct stake in OpenAI, and an investment in Beast Industries.
The disclosure positions Eightco among a small group of public companies running aggressive multi-asset cryptocurrency treasury strategies.
What Eightco Holds
The company’s PR Newswire release breaks the portfolio into four main components. The 283 million WLD tokens represent the largest single position by token count and constitute the most unusual element of the treasury.
At current prices, WLD trades at roughly $1.30 per token, putting that position alone near $368 million. The 11,000 ETH holding adds a further layer of direct cryptocurrency exposure alongside the stakes in private AI companies OpenAI and Beast Industries.
Fundstrat Managing Partner and Head of Research Tom Lee sits on the Eightco board.
Lee also serves as chairman of Bitmine Immersion Technologies (BMNR), which separately holds 5.39 million ETH tokens as part of its own treasury strategy. The overlapping board presence ties two aggressive corporate cryptocurrency treasury stories together through a single prominent figure.
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Background
Corporate cryptocurrency treasury strategies accelerated sharply in 2025 and into 2026, following the pattern set by MicroStrategy (MSTR) with Bitcoin (BTC).
Several smaller public companies began adapting that playbook to Ethereum (ETH) and altcoins. Bitmine emerged as the highest-profile ETH treasury holder, crossing 4% of total ETH supply and building toward a self-declared 5% target it calls “Alchemy 5%.” Eightco’s WLD concentration is a distinct variation.
Rather than accumulating a blue-chip cryptocurrency, the company has built a dominant position in a single mid-cap AI-linked token alongside private AI equity stakes.
Worldcoin is a cryptocurrency project co-founded by OpenAI CEO Sam Altman. It distributes tokens to users who verify their identity through iris-scanning hardware.
The project has faced regulatory scrutiny in multiple jurisdictions over its biometric data practices.
Also Read: Bit Digital Deepens Ethereum Treasury Bet With $20M Purchase
What It Means for ORBS
Eightco trades under the ORBS ticker on Nasdaq. The disclosure represents a significant departure from the company’s prior profile as a small-cap technology firm.
The combined holdings, if accurately valued, would imply that the cryptocurrency and strategic investment portfolio dwarfs any operating business the company may run. That ratio has become common in the MicroStrategy-style treasury model, where the stock price effectively tracks the underlying asset rather than earnings or revenue.
The WLD position warrants particular attention.
A holding of 283 million tokens against a total circulating supply of roughly 1.5 billion WLD would represent close to 19% of circulating supply. A position of that size carries meaningful liquidity risk.
Any significant effort to reduce or rebalance the holding could move the WLD market.
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