Volcon Secures $500M in Private Placement for Bitcoin Strategy

Volcon ePowersports, Inc., based in Austin, Texas, has announced a significant private placement to introduce a Bitcoin Treasury Strategy. Over $500 million has been raised through securities purchase agreements, enabling the company to acquire Bitcoin as its primary treasury asset. This initiative reflects a strategic shift towards digital asset management amidst fluctuating economic landscapes.

The private placement, led by Empery Asset Management with participation from major crypto investors, includes the purchase of over 50 million shares at $10 each. The closing is anticipated around July 21, 2025, subject to standard conditions. A substantial portion of the proceeds will fund Bitcoin acquisition.

Volcon's strategy aims to align digital currency resilience with their evolving electric vehicle business model. Ryan Lane assumes the role of co-CEO, contributing expertise from Empery. Strategic collaboration with Gemini Nustar ensures efficient management of digital assets.