Volcon Acquires 3,183 Bitcoin for $375M, Expands Share Buyback to $100M

Volcon Now Holds Over 3,183 BTC

AUSTIN, Texas–(BUSINESS WIRE)–
Volcon, Inc. (NASDAQ: VLCN) (the “Company,” “Volcon” or “Empery Digital”) today announced that as of July 25^th at 8:00am ET, the Company holds 3,183.37 BTC acquired for an aggregate purchase price of ~$375 million, reflecting an average purchase price of $117,697 per BTC. The Company has also sold various short-term put contracts giving the Company the opportunity to potentially buy additional BTC at $115,000, $116,000 and $117,000 while collecting option premium to reduce the cost of BTC. This aligns well with the Company’s continued BTC acquisition strategy.

“Our treasury strategy reflects our conviction in Bitcoin as a durable, long-term store of value and a powerful treasury reserve asset,” said Ryan Lane, Co-CEO of Volcon. “As a…