Volcon Closes over $500 Million Private Placement to Initiate Bitcoin Treasury Strategy
Volcon, Inc. (
NASDAQ: VLCN) (the “Company,” “Volcon” or “Empery Digital”) has closed its previously announced private placement with gross proceeds over $500,000,000 (the “Private Placement”) and has now launched its bitcoin treasury strategy with a plan to allocate more than 95% of the gross proceeds from the Private Placement to the acquisition of BTC.
