Listed company Volcon acquires 280.14 bitcoins for the first time and completes over $500 million in private equity financing to purchase bitcoins

According to BlockBeats, on July 22nd, Volcon, a US listed electric vehicle company, purchased 280.14 bitcoins for the first time and completed over $500 million in private financing to purchase bitcoins. BlockBeats previously reported that on July 17th, electric vehicle company Volcon announced that it will adopt a Bitcoin financial strategy. It has reached securities purchase agreements with certain institutions and qualified investors to purchase and sell 50142851 ordinary shares in a private placement at a price of $10 per share, with an expected total revenue of over $500 million, after deducting placement agency fees and other issuance expenses (private placement). Empery serves as the lead investor, and the participants in this offering include well-known cryptocurrency venture capital firms and infrastructure providers such as FalcolnX, Pantera, Borderless, RK Capital, and Relayer Capital, as well as traditional financial investors.