US EditionVolcon Closes over $500 Million Private Placement to Initiate Bitcoin Treasury Strategy
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The American manufacturer of Volcon all-terrain vehicles has raised more than $500 million and plans to convert almost all of it into Bitcoin. A new strategy for the box, which goes hand in hand with a name change and a new crypto-based governance. The article New BTC Treasury: Volcon invests 95% of its fundraising in Bitcoin has appeared first on Cryptoast.
Volcon, a manufacturer of electric cars, is joining the trend of bitcoinizing corporate treasuries. Read more
Volcon Secures $500M in Private Placement to Launch Bold Bitcoin Treasury Strategy Volcon Secures $500M in Private Placement to Launch Bold Bitcoin Treasury Strategy
Electric vehicle maker Volcon raises $500 million to integrate Bitcoin into its corporate treasury, signaling a strategic shift toward digital assets. Highlights: $500M Capital Injection: Volcon successfully closed a private placement exceeding $500 million, marking a significant funding milestone. Bitcoin-Focused Treasury Strategy: The EV company plans to diversify its treasury into Bitcoin, mirroring moves by firms like Tesla and MicroStrate…
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Volcon Closes over $500 Million Private Placement to Initiate Bitcoin Treasury Strategy
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