Tom Lee backed cheap stocks soared 5,700% after unexpected investment

Eightco Holdings (NASDAQ:OCTO) surged more than 5,700% after announcing a $250 million private placement on September 8, with Worldcoin (WLD) as its main asset. BitMine Immersion (NYSE: BMNR), led by Tom Lee, added $20 million in investment. WLD, the token for the Sam Altman Iris Scan Identity Project, is currently facing privacy criticism. The stock opened at $18.61, hitting a high of $82.98 intraday and closing at $45. Dan Ives was appointed chairman, highlighting the role Worldcoin plays in AI-driven trust.