By Daniella Parra
Volcon (NASDAQ: VLCN) mentioned it closed a $500 million personal placement and can allocate over 95% of the proceeds to Bitcoin purchases.
The corporate, which already holds 280.14 BTC, is rebranding as Empery Digital, Inc. with a brand new ticker image “EMPD” and its powersports division will turn out to be Empery Mobility, they mentioned.
“I sit up for fulfilling our guarantees to buyers by working a low value, capital environment friendly, globally trusted bitcoin treasury technique that can stand the take a look at of time,” mentioned Ryan Lane, co-founder and Principal of Empery Asset Administration. “The formation of this workforce displays our sturdy conviction in Bitcoin because the digital retailer of worth for the longer term and expresses our perception within the blockchain as a trusted community for a lot of future purposes.”
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