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Volcon Closes over $500 Million Private Placement to Initiate Bitcoin Treasury Strategy

1. Volcon closed a $500 million private placement for BTC acquisition. 2. Over 95% of proceeds will fund its bitcoin treasury strategy.

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FAQ

Why Bullish?

The substantial capital raised indicates strong investor confidence. Similar strategies have propelled shares of companies engaged in crypto investments.

How important is it?

The private placement and BTC acquisition strategy could significantly affect VLCN's market position and attract further investments.

Why Long Term?

Accumulating BTC could enhance VLCN's balance sheet over time, aligning with growing crypto adoption.

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BTCCOINMARARIOT
AUSTIN, Texas--(BUSINESS WIRE)---- $VLCN #BTC--Volcon, Inc. (NASDAQ: VLCN) (the “Company,” “Volcon” or “Empery Digital”) has closed its previously announced private placement with gross proceeds over $500,000,000 (the “Private Placement”) and has now launched its bitcoin treasury strategy with a plan to allocate more than 95% of the gross proceeds from the Private Placement to the acquisition of BTC. The Private Placement included participation by prominent crypto venture capital firms and blockchain infrastr.

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