The US-listed company Volcon plans to raise $500 million, with 95% of the funds intended for purchasing Bitcoin

2025-07-17 21:21:53

ChainCatcher news, according to Business Insider, the U.S. listed electric vehicle company Volcon (NASDAQ: VLCN) announced over $500 million in private financing, planning to use at least 95% of the funds to purchase Bitcoin as the company's primary reserve asset. This financing is led by Empery Asset Management, with participation from well-known crypto venture capital firms such as FalcolnX, Pantera, and Borderless.

Volcon's co-CEO John Kim stated that holding Bitcoin is a strategic move to protect shareholder value in an era of accelerating currency devaluation. The transaction is expected to be completed on July 21.

Source

Risk warning

Related tags

Volcon Bitcoin

Topic or theme Crypto Stocks in Progress: A Record of Institutional Crypto Holdings and Capital Operations

Recently, stablecoin concept stocks have continued to strengthen, with several listed companies establishing reserves of crypto assets. Stocks of crypto companies are becoming a special "crypto hotspot": traditional market investors are beginning to pay attention to companies in the crypto industry, while those in the crypto circle view the price changes of crypto stocks as one of the indicators of market fluctuations. This topic will continue to focus on the dynamics of related projects, institutional movements, market performance, and the strategic logic behind them, gaining insights into the development path of this wave of integration between crypto and equity.