Volcon Rebrands to Empery Digital, Launches $500M Bitcoin Treasury Strategy
By Daniella Parra
Volcon (NASDAQ: VLCN) said it closed a $500 million private placement and will allocate over 95% of the proceeds to Bitcoin purchases.
The company, which already holds 280.14 BTC, is rebranding as Empery Digital, Inc. with a new ticker symbol “EMPD” and its powersports division will become Empery Mobility, they said.
“I look forward to fulfilling our promises to investors by operating a low cost, capital efficient, globally trusted bitcoin treasury strategy that will stand the test of time,” said Ryan Lane, co-founder and Principal of Empery Asset Management. “The formation of this team reflects our strong conviction in Bitcoin as the digital store of value for the future and expresses our belief in the blockchain as a trusted network for many future applications.”
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