Sam Altman’s World Foundation Sells $65 Million in Worldcoin

The World Foundation, the organization supporting the digital identity project Worldcoin (WLD), has completed a $65 million over-the-counter (OTC) token sale.

According to a March 28 statement, World Assets Ltd, a subsidiary of the foundation, executed the block trades with four private counterparties over the past week. The transactions, with initial settlements beginning March 20, were priced at an average of $0.2719 per token.

World Foundation Sold WLD Tokens to Fund Orbs Manufacturing

The foundation stated that the off-ramped capital will be deployed toward core operational expenses. This includes intensive research and development, ecosystem expansion, and the continued manufacturing of its proprietary iris-scanning hardware, known as “Orbs.”

To mitigate immediate secondary-market impact, $25 million of the sold WLD is subject to a six-month lockup. This would restrict those specific tokens from entering circulation until late September.

However, blockchain analytics indicate this major capital raise is not an isolated event.

Data tracked by Lookonchain reveals a sustained pattern of structural divestment by World-affiliated entities. Over the past two years, the project has systematically offloaded WLD tokens through prominent market makers, including Flow Traders and Wintermute, creating a persistent overhang on the market.

This continuous supply expansion comes at a precarious time for the asset. The latest OTC sale coincides with WLD plunging to an all-time low before staging a modest recovery to its current level of approximately $0.27.

Despite this slight rebound, the token remains severely depressed. It is trading more than 97% below its peak of $11.72 reached in March 2024.

Compounding the project’s market struggles is a rapidly deteriorating regulatory environment.

Worldcoin’s core narrative centers on providing a “proof of humanness” network to combat the increasing proliferation of sophisticated AI bots online.

However, this positioning has largely failed to appease cautious regulators. As a result, regulators across the globe have consistently sounded the alarm about the mass collection and storage of biometric data.

Hence, the project continues to navigate severe legal challenges and ongoing privacy investigations in multiple international jurisdictions.