Volcon purchased 280.14 bitcoins for the first time and completed more than $500 million in private financing to purchase bitcoins

By: odaily.com|2025/07/22 09:11:47
0
Share
copy

Odaily News According to NLNico, Volcon, a US-listed electric car company, announced its first purchase of 280.14 bitcoins and has completed more than $500 million in private financing to support its bitcoin purchase plan.
It is reported that the company has reached an agreement with several institutions and qualified investors to privately issue 50,142,851 common shares at a price of $10 per share, and it is expected to raise more than $500 million after deducting expenses. The financing was led by Empery, and the participating parties included FalconX, Pantera, Borderless, RK Capital, Relayer Capital and other crypto venture capital companies and traditional financial institutions. Volcon has previously announced the adoption of Bitcoin financial strategy and included it in the companys reserve asset allocation.

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

Read more