Volcon, a US-listed company, plans to raise $500 million, 95% of which will be used to purchase Bitcoin
Odaily News Volcon (NASDAQ: VLCN), a US-listed electric vehicle company, announced a private placement financing of more than $500 million, and plans to use at least 95% of the funds to purchase Bitcoin as the companys main reserve asset. The financing was led by Empery Asset Management, and participated by well-known crypto venture capital institutions such as FalcolnX, Pantera, and Borderless.
John Kim, co-CEO of Volcon, said that holding Bitcoin is a strategic move to protect shareholder value in an era of accelerated currency depreciation. The transaction is expected to be completed on July 21. (Businessinsider)
También te puede interesar
Ganadores
Últimas noticias sobre criptomonedas
Franklin Templeton XRP Spot ETF AUM Surpasses $100 Million
「ZEC&MON Top Short in History」 Take-Profit Section: The ZEC short position has made a profit of over $5 million, while simultaneously shorting MON has a unrealized gain of nearly $2 million.
Franklin Crypto Index ETF Adds ADA and 6 Other Tokens
Web3 robotics company XMAQUINA has announced the completion of a new funding round, led by Borderless.
Coinbase to Include HBAR, MANTLE in COIN50 Index for Q4
Atención al cliente:@weikecs
Cooperación empresarial:@weikecs
Trading cuantitativo y MM:[email protected]
Programa VIP:[email protected]