Volcon Inc., a company recognized for its strategic investments in digital assets, has announced a significant expansion in its Bitcoin holdings. The firm recently acquired an additional 316.8 BTC, bringing its total to over 3,500 BTC, with a cumulative purchase price of approximately $412 million. This strategic acquisition reflects an average effective price of $117,683 per BTC, benefiting from premiums obtained through derivative sales designed to lower the cost basis. Volcon's partnership with Gemini's OTC desk has been a crucial element in achieving these results, offering robust execution and communication. As part of its broader strategy, Volcon has also engaged in selling short-term put contracts, providing the option to purchase more BTC at predetermined strike prices in the near future.
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: 20250728877227) on July 28, 2025, and is solely responsible for the information contained therein.
Comments