(Reuters) -Eightco Holdings shares climbed more than 3,800% in volatile trading on Monday after the fintech firm unveiled plans to accumulate worldcoin cryptocurrency through a fundraise involving Peter Thiel’s BitMine.

The stock rose to $38.10, compared with its Friday close of $1.45, in its biggest one-day move on record. More than 145 million shares traded versus the 30-day average of 4.94 million.

The crypto industry has been booming in the U.S., buoyed in part by friendly regulations under the Trump administration. Small public companies have been widely adding cryptocurrencies to their coffers, mimicking Michael Saylor’s Strategy – the largest corporate holder of bitcoin.

Eightco is selling more than 171,000 shares at $1.46 each in a private placement, targeting about $250 million

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