"In an era of accelerating monetary debasement, holding Bitcoin on our balance sheet represents a strategic move to safeguard shareholder value and align with a digital future, said the co-CEO of Volcon John Kim."
"I look forward to working with the Volcon and Gemini teams to operate a low cost, capital efficient, best of breed, Bitcoin treasury strategy reflecting our strong conviction in Bitcoin as the digital store of value for the future, stated the co-founder and Managing Member of Empery Ryan Lane."
Volcon Inc. is conducting a $500 million private placement to fund a new Bitcoin treasury strategy, planning to invest at least 95 percent of the proceeds in Bitcoin. The share placement involves over 50 million shares priced at $10 each, targeting institutional and accredited investors. Empery Asset Management is the lead investor, alongside various crypto and traditional financial firms. The transaction is expected to close around July 21, 2025, with a strategic agreement established with Gemini Nustar LLC to implement the Bitcoin strategy, enhancing Volcon's transition into digital assets.
Read at Bitcoin Magazine
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