Summary
- Volcon, a company listed on Nasdaq, has reportedly raised $500 million to accumulate Bitcoin.
- It was stated that more than 95% of the funds raised will be used for purchasing Bitcoin.
- It was previously reported that Volcon had announced plans to raise $500 million through private investment.
Volcon, an electric vehicle company listed on the Nasdaq, has completed raising $500 million to accumulate Bitcoin (BTC).
On the 22nd (local time), Unfolded announced through X (formerly Twitter) that 'Volcon has completed raising $500 million to accumulate Bitcoin.' It is reported that more than 95% of the funds raised will be used to purchase Bitcoin.
Previously, Volcon had announced plans to raise $500 million through private investment.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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