Volcon saw its shares rise nearly 135% following the announcement of a 500 million USD capital raise. The company plans to invest about 470 million USD in Bitcoin to bolster its treasury and enhance financial stability.
The Co-CEO of Volcon, John Kim, emphasized that holding Bitcoin is a strategic response to economic uncertainties, aiming to protect shareholder value and adapt to a digital future. This aligns with a growing trend among corporations embracing Bitcoin.
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