Worldcoin, led by Sam Altman, raises $135M from token sales to Andreesen Horowitz and Bain Capital Crypto as WLD price jumps 15%.
Worldcoin has sold some of its WLD tokens to Andreessen Horowitz and Bain Capital Crypto, just weeks after its US debut. The WLD price surged by 15% to trade at $1.21 due to the $135 million raised from the project sale.
Worldcoin Raises $135 Million to Support Expansion Plans
The private sale of WLD tokens has secured $135 million in funding for Worldcoin, which Sam Altman owns. As stated in a press release, the company has confirmed the sale of WLD tokens to two early backers of the digital identity initiative, Andreessen Horowitz and Bain Capital Crypto.
As the release states, the World network will be expanded by transferring to Andreessen Horowitz and Bain Capital Crypto. Worldcoin sold the tokens at market prices, generating $135 million and expanding the circulating WLD supply to 1.51 billion.
The raise will be implemented to address the increasing demand for Orb-verified World IDs on a global scale. After its debut in the United States, a portion of the fund will be allocated to US expansion, while another portion will be used to bring the network closer to its objective of becoming a self-sustaining protocol.
“This funding opportunity is in service to the long-term mission of World and is backed by the builders who believed in World from the beginning,” read the statement.
The project is currently confronted with many regulatory obstacles due to Indonesia and Kenya calling Worldcoin’s operations unlawful.
The price of WLD has increased by 15% due to the token sale
Worldcoin’s token sale to Andreessen Horowitz and Bain Capital Crypto has resulted in a double-digit percentage increase in the price of WLD. The price of WLD has increased by 15% in the past 24 hours, reaching a daily high of $1.26 at the time of publication.
Daily transaction volumes have increased by 71% in the past day, primarily due to the substantial token sale to early investors. Institutional actors and retail investors are competing to surpass the $300 million threshold in transaction volumes.
The rally in WLD is a direct result of the broader upswing in prices in the cryptocurrency market and the new all-time high of Bitcoin. Nevertheless, Worldcoin investors anticipate a decline as soon as the enthusiasm surrounding WLD diminishes.
At Consensus 2025, Worldcoin presented a robust response to criticism regarding its private data management. At the event, Liam Horne, an advisor for Worldcoin, observed that personal data “never leaves the orb.”