Sam Altman-backed World Foundation sells $65 million in Worldcoin tokens

The World Foundation, linked to Sam Altman’s digital identity project, has completed a $65 million over-the-counter (OTC) sale of Worldcoin tokens, as it seeks to fund expansion and operations.

According to a statement dated March 28, World Assets Ltd — a subsidiary of the foundation — executed block transactions with four private investors over the past week.

The deals, which began settling on March 20, were priced at an average of $0.2719 per token.

The foundation said proceeds will be used to support research and development, ecosystem growth, and production of its biometric verification device, known as the “Orb,” which scans users’ irises to establish digital identity.

To limit immediate market impact, $25 million worth of tokens from the sale will remain locked for six months, delaying their potential entry into circulation until late September.

However, blockchain analytics indicate this is part of a broader trend. Data shows Worldcoin-affiliated entities have been steadily offloading tokens over the past two years through major market makers, contributing to persistent supply pressure.

The latest sale comes at a challenging time for the token. WLD recently fell to an all-time low before recovering slightly to around $0.27 — still more than 97% below its March 2024 peak of $11.72.

Beyond market dynamics, the project continues to face regulatory scrutiny. Worldcoin’s core concept — providing “proof of humanness” to distinguish humans from AI bots — relies on large-scale biometric data collection, raising privacy concerns among regulators in multiple countries.

As a result, the initiative remains under investigation in several jurisdictions, adding legal uncertainty to its long-term outlook.