Volcon acquires 317 additional bitcoin, holds over 3,500 BTC total

Volcon Inc. (NASDAQ: VLCN) acquired an additional 316.8 bitcoin for $37.3 million since its last update on July 25, according to a company statement. The company now holds 3,500.18 bitcoin purchased for an aggregate price of approximately $412 million, reflecting an average purchase price of $117,683 per bitcoin.

The purchase price incorporates premiums received from the company's bitcoin acquisition strategy, which includes derivative sales to reduce the cost basis of bitcoin acquired. Volcon sold additional short-term put contracts that provide the option to potentially purchase more bitcoin at strike prices between $115,000 and $118,000.

The company completed a $500 million private placement and worked with Gemini's over-the-counter desk for trade execution. The settled bitcoin holdings have been moved to segregated cold storage, according to Ryan Lane, Co-CEO and Chairman of Volcon.

Volcon plans to change its name to Empery Digital Inc. this week. The company adopted a bitcoin treasury strategy on July 17, 2025, shifting from its original focus as an electric power sports vehicle manufacturer.

The company was originally founded as an all-electric power sports company that sourced electric vehicles for outdoor recreation. Volcon's electric vehicles were designed for off-road use, featuring near-silent operation for outdoor experiences.

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