Volcon Inc. Secures Over $500 Million in Private Placement to Boost Bitcoin Holdings and Rebrands to Empery Digital

Reuters07-22

<a href="https://laohu8.com/S/VLCN">Volcon Inc</a>. Secures Over $500 Million in Private Placement to Boost Bitcoin Holdings and Rebrands to Empery Digital

Volcon Inc., soon to be rebranded as Empery Digital, Inc., has successfully closed a private placement, securing over $500 million in gross proceeds. The funds will be directed towards implementing a bitcoin treasury strategy, with plans to allocate more than 95% of the proceeds to acquiring BTC. The private placement saw participation from notable crypto venture capital firms such as FalconX, Pantera, Borderless, and Relayer Capital, along with traditional financial investors and members of the company's management team and board. Volcon has partnered with Gemini to ensure world-class execution and custodial services for its digital assets strategy. The company currently holds 280.14 BTC on its balance sheet and is set to make additional bitcoin purchases. Additionally, it plans to change its name to Empery Digital, Inc. and update its ticker to EMPD.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Volcon Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20250721269801) on July 21, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Secures Over $500 Million in Private Placement to Boost Bitcoin Holdings and Rebrands to Empery Digital\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-07-22 04:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/VLCN\">Volcon Inc</a>. Secures Over $500 Million in Private Placement to Boost Bitcoin Holdings and Rebrands to Empery Digital\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Volcon Inc., soon to be rebranded as Empery Digital, Inc., has successfully closed a private placement, securing over $500 million in gross proceeds. The funds will be directed towards implementing a bitcoin treasury strategy, with plans to allocate more than 95% of the proceeds to acquiring BTC. The private placement saw participation from notable crypto venture capital firms such as FalconX, Pantera, Borderless, and Relayer Capital, along with traditional financial investors and members of the company's management team and board. Volcon has partnered with Gemini to ensure world-class execution and custodial services for its digital assets strategy. 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