The U.S. listed company Volcon has purchased 280.14 bitcoins for the first time and completed a private financing of over $500 million to acquire bitcoins

ChainCatcher news, according to NLNico, the American-listed electric vehicle company Volcon announced the initial purchase of 280.14 bitcoins and has completed a private financing of over $500 million to support its bitcoin acquisition plan.

It is reported that the company had previously reached agreements with several institutions and qualified investors to privately issue 50,142,851 shares of common stock at a price of $10 per share, expecting to raise over $500 million after deducting fees. This financing was led by Empery, with participants including crypto venture capital firms such as FalconX, Pantera, Borderless, RK Capital, Relayer Capital, and traditional financial institutions. Volcon has previously announced adopting a bitcoin financial strategy, incorporating it into the company's reserve asset allocation.