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 21:31:44
0
Share
copy

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)

-- Price

--

You may also like

a16z: 5 Ways Blockchain Helps AI Agent Infrastructure

Artificial intelligence makes scaling cost-effective, but it is difficult to establish trust. Cryptocurrency can rebuild trust on a large scale.

Morning News | The Hong Kong Securities and Futures Commission announced the regulatory framework for secondary market trading of tokenized investment products; Strategy increased its holdings by 34,164 bitcoins last week; KAIO completed a strategic fi...

Overview of Important Market Events on April 20

What Is an XRP Wallet? The Best Wallets to Store XRP (2026 Updated)

An XRP wallet lets you safely store, send, and receive XRP on the XRP Ledger. Learn what wallets support XRP and discover the best XRP wallets for beginners and long-term holders in 2026.

What are the Top AI Crypto Coins? Render vs. Akash: 5 Gems Solving the 2026 GPU Crisis

What are the best AI crypto coins for the 2026 cycle? Beyond the hype, we analyze top tokens like RNDR, AKT, and FET that provide real-world solutions to the global GPU shortage and the rise of autonomous agents.

What Is a Token in AI? What Is an AI Token + 3 Gems You Can't Miss in 2026

The era of AI hype has transitioned into an era of utility. As we move through Q2 2026, the market is no longer rewarding "narrative-only" projects. At WEEX Research, we are seeing a massive capital rotation into Decentralized Compute (DePIN) and Autonomous Agent coordination layers. This guide analyzes which AI tokens are capturing institutional liquidity and how to spot high-conviction setups in a maturing market.

Consumer-grade Crypto Global Survey: Users, Revenue, and Track Distribution

The number of active users of consumer-grade encryption has long reached tens of millions, but it is not in the sight of Silicon Valley and New York.

Contents

Popular coins

Latest Crypto News

Read more