[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  TheCryptoBasic [@thecryptobasic](/creator/twitter/thecryptobasic) on x 73.3K followers Created: 2025-07-17 15:18:55 UTC EV Firm Volcon Joins the #Bitcoin Treasury Trend with $500M in Capital. Electric vehicle firm Volcon has announced a change in its corporate strategy, revealing plans to adopt a Bitcoin treasury. The company disclosed this major development through a press release, which confirmed that it secured over $XXX million in a private placement offering to support its new Bitcoin-focused treasury approach. According to the release, Volcon reached a purchase agreement with several institutional and accredited investors, selling over XX million shares at a price of $XX each. Notably, the expected gross proceeds from this transaction exceed $XXX million before accounting for agent fees and offering expenses. The company stated that it intends to allocate at least XX% of these funds towards acquiring Bitcoin. The investment round saw major participation from notable crypto venture capital firms and traditional financial institutions. Leading the private placement was Empery Asset Management, joined by firms such as Pantera, RK Capital, Relayer Capital, and FalconX. Meanwhile, to facilitate the move, Volcon partnered with Gemini Nustar, a Gemini Trust Company affiliate, for digital asset services. Alongside this change, Volcon made several leadership changes. Ryan Lane, co-founder of Empery, was appointed co-CEO and Chairman of the Board. Specifically, three other executives from Empery joined the board to oversee the execution of the new strategy.  XXX engagements  **Related Topics** [electric vehicle](/topic/electric-vehicle) [$500m](/topic/$500m) [#bitcoin](/topic/#bitcoin) [bitcoin](/topic/bitcoin) [coins layer 1](/topic/coins-layer-1) [coins bitcoin ecosystem](/topic/coins-bitcoin-ecosystem) [coins pow](/topic/coins-pow) [Post Link](https://x.com/thecryptobasic/status/1945865808233517249)
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TheCryptoBasic @thecryptobasic on x 73.3K followers
Created: 2025-07-17 15:18:55 UTC
EV Firm Volcon Joins the #Bitcoin Treasury Trend with $500M in Capital.
Electric vehicle firm Volcon has announced a change in its corporate strategy, revealing plans to adopt a Bitcoin treasury.
The company disclosed this major development through a press release, which confirmed that it secured over $XXX million in a private placement offering to support its new Bitcoin-focused treasury approach.
According to the release, Volcon reached a purchase agreement with several institutional and accredited investors, selling over XX million shares at a price of $XX each.
Notably, the expected gross proceeds from this transaction exceed $XXX million before accounting for agent fees and offering expenses. The company stated that it intends to allocate at least XX% of these funds towards acquiring Bitcoin.
The investment round saw major participation from notable crypto venture capital firms and traditional financial institutions. Leading the private placement was Empery Asset Management, joined by firms such as Pantera, RK Capital, Relayer Capital, and FalconX.
Meanwhile, to facilitate the move, Volcon partnered with Gemini Nustar, a Gemini Trust Company affiliate, for digital asset services.
Alongside this change, Volcon made several leadership changes. Ryan Lane, co-founder of Empery, was appointed co-CEO and Chairman of the Board. Specifically, three other executives from Empery joined the board to oversee the execution of the new strategy.
XXX engagements
Related Topics electric vehicle $500m #bitcoin bitcoin coins layer 1 coins bitcoin ecosystem coins pow