Wall Street’s Crypto Surge: A New Era Begins

In 2025, the crypto treasury strategy has become a buzzword across Wall Street, attracting prominent analysts into high-profile roles at firms stacking cryptocurrencies. These financial heavyweights are seizing the moment as digital assets gain traction.

Dan Ives Joins the Crypto Revolution

Dan Ives, a senior equity research analyst from Wedbush Securities renowned for his insights on tech stocks, is the latest to embrace this crypto boom. Recently announced as the chairman of Eightco Holdings, Ives is stepping into a pivotal role as the firm sets its sights on acquiring significant quantities of Worldcoin, a cryptocurrency linked to Sam Altman’s vision.

Eightco plans to invest a whopping $250 million in Worldcoin initially, with prospects of adding Ethereum to its portfolio as well. Following the announcement, Eightco’s stock skyrocketed by an astonishing 5,600%, peaking at $82.98 before settling at a still-impressive rise from $1.45.

What’s Driving the Crypto Treasury Trend?

The concept of crypto treasury companies—entities primarily focused on acquiring and holding cryptocurrencies—has exploded in popularity as firms strive to replicate the success of Strategy, led by bitcoin advocate Michael Saylor. This approach allows public companies to raise capital through debt and equity, enabling them to accumulate more digital assets.

Saylor’s firm has significantly increased its holdings, boasting about 3% of all Bitcoin available, and has seen its stock skyrocket over 2,000% since incorporating Bitcoin onto its balance sheet in 2022.

Not Just Bitcoin: A Broader Crypto Landscape

Other well-known firms, like GameStop and Trump Media, are also integrating cryptocurrencies into their strategies. With Ethereum becoming a favored choice for crypto treasury assets, Ives' involvement with Eightco exemplifies the diversification into niche tokens.

A Market at Its Peak?

Despite the excitement surrounding these developments, some experts warn that the market may be nearing saturation. Notable Bitcoin enthusiast Mike Novogratz has suggested that the tide could be changing for crypto treasury firms.

The Vision Behind Worldcoin

Altman, known for founding OpenAI, introduced World in 2019, a platform that authenticates users by scanning their eyes, linking real identities with accounts that can earn World tokens. Both Altman and Ives believe that human verification will become crucial in an AI-driven future.

"I view World as the de facto standard for authentication in a world increasingly dominated by AI," Ives remarked, emphasizing the transformative potential of this initiative.