Volcon’s recent private placement, amounting to 500 million USD, marks a pivotal shift towards a Bitcoin-focused strategy. The firm will rename itself Empery Digital, Inc., emphasizing its commitment to enhancing Bitcoin holdings.
Prominent crypto investors, including Pantera and FalconX, participated in this funding round. Volcon’s current Bitcoin holdings stand at 280.14 BTC, with plans to increase this through a partnership with Gemini.
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