Volcon, a US-listed company, plans to raise $500 million, 95% of which will be used to purchase Bitcoin
By: odaily.com|2025/07/17 13:31:44
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)
Aster推出链上美股永续合约交易,支持最高50倍杠杆
Sharplink Gaming Pre-market Surges Over 9%
You may also like
Share
Gainers
Latest Crypto News
02:15
Analysis: The main reason for the recent cryptocurrency market crash was the Bank of Japan hinting at a rate hike and market concerns about a potential "Strategy" disaster.
02:15
Paradigm's associated wallet sent 6300 ETH to Coinbase
02:15
Coinbase Executive Sued by Shareholders for Alleged $4.2 Billion Insider Trading
02:15
An address holding 50 BTC has just been activated after being dormant for 15.7 years
01:45
Pacifica: Users who were liquidated between October 1st and December 1st will receive a 20% bonus on December transactions.
Read more
Community
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:[email protected]
VIP Services:[email protected]