**Volcon Inc. to Invest Over $500 Million in Bitcoin Through Private Placement**
Volcon Inc. (NASDAQ: VLCN) has made headlines today with the announcement of a $500 million private placement aimed at establishing a new Bitcoin treasury strategy. The company intends to allocate at least 95% of the funds raised to purchase Bitcoin, positioning it as Volcon’s primary treasury reserve asset.
“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,” stated John Kim, co-CEO of Volcon. He expressed enthusiasm about collaborating with Ryan Lane and Gemini to implement this Bitcoin treasury strategy as the electric vehicle (EV) business continues to evolve.
The private placement will involve the issuance of over 50 million shares at a price of $10 each, targeting institutional and accredited investors. Empery Asset Management is leading the investment, with participation from notable crypto firms such as FalconX, Pantera, Borderless, RK Capital, and Relayer Capital, alongside traditional financial investors.
Ryan Lane, co-founder and Managing Member of Empery, remarked, “I look forward to working with the Volcon and Gemini teams to operate a low-cost, capital-efficient, best-in-class Bitcoin treasury strategy, reflecting our strong conviction in Bitcoin as the digital store of value for the future.” Lane will be joined by three additional members from the Empery team to strategically manage this initiative.
The transaction is anticipated to close around July 21, 2025. To facilitate its Bitcoin strategy, Volcon has entered into a strategic digital assets services agreement with Gemini Nustar LLC. Rohan Chauhan, Director of Strategy at Gemini, noted, “By collaborating with Empery, we are combining their deep expertise in capital markets with Gemini’s leadership in digital asset innovation to unlock new opportunities across the financial landscape.”
In summary, Volcon Inc.’s significant investment in Bitcoin through this private placement marks a pivotal step in its financial strategy, reflecting a commitment to adapting to the evolving digital economy.
**FAQ**
**What is Volcon Inc.’s new Bitcoin treasury strategy?**
Volcon Inc. plans to invest over $500 million in Bitcoin through a private placement, with the majority of the funds dedicated to establishing Bitcoin as its primary treasury reserve asset.
