US-listed electric vehicle company Volcon has purchased 280.14 BTC for the first time and completed a private financing of more than $500 million for the purchase of bitcoin.
Previously reported, on July 17, electric vehicle company Volcon announced that it will adopt a bitcoin financial strategy. It has entered into a securities purchase agreement with certain institutional and accredited investors to buy and sell 50,142,851 shares of common stock in a private placement at a price of $10 per share, with expected total earnings exceeding $500 million, excluding placement agency fees and other issuance expenses (private placement). Empery served as the lead investor. Participants in the offering include well-known crypto venture capital firms and infrastructure providers such as FalcolnX, Pantera, Borderless, RK Capital and Relayer Capital, as well as traditional financial investors.
Volcon Acquires 280.14 BTC for the First Time and Completes Over $500 million Private Funding to Purchase Bitcoin
2025-07-22 01:12:33
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