17.07.2025 15:57
Volcon Inc., a publicly traded company (NASDAQ: VLCN), has revealed a bold new financial strategy. The company intends to acquire over $500 million worth of Bitcoin through a recently announced private placement, a significant investment that will redefine its treasury management. This substantial investment, sourced from a private placement of over 50 million shares priced at $10 apiece, will see at least 95% of the proceeds allocated to Bitcoin, making it the company's primary reserve asset.
Institutional and accredited investors, spearheaded by Empery Asset Management, participated in the placement. Joining Empery were several notable crypto firms including FalconX, Pantera, Borderless, RK Capital, and Relayer Capital, alongside traditional financial investors. This diverse investor base highlights the significant interest and confidence in Volcon's innovative approach to treasury management.
Co-CEO John Kim articulated the rationale behind the decision, emphasizing the importance of safeguarding shareholder value in the face of increasing monetary inflation. Kim described the Bitcoin investment as a proactive measure aligning the company with the burgeoning digital asset landscape. He further expressed his enthusiasm about partnering with Empery and Gemini to implement this strategy, emphasizing its synergy with Volcon's evolving electric vehicle business.
Ryan Lane, co-founder and Managing Member of Empery Asset Management, expressed his confidence in Bitcoin's future as a digital store of value. He also highlighted Empery's commitment to a cost-effective and efficient Bitcoin treasury management strategy and revealed that three additional Empery team members will join Volcon to oversee this operation. The closing date for the transaction is anticipated to be around July 21, 2025.
Facilitating Volcon's Bitcoin strategy is a newly established strategic digital asset services agreement with Gemini Nustar LLC. This collaboration leverages Gemini's expertise in digital asset innovation alongside Empery's substantial capital markets experience, promising a synergistic approach to navigating this new financial frontier. This partnership will allow Volcon to efficiently manage and utilize its considerable Bitcoin holdings. Moreover, Volcon amended its ATM program to allow for up to $1 billion in future equity raises, indicating potential for further expansion of this strategy. The information for this report came from internet sources.
