Volcon Launches Bitcoin Treasury Program and Boosts Buyback to $100M

07/25/2025 – 09:18 AM

Volcon Now Holds Over 3,183 BTC

AUSTIN, Texas–(BUSINESS WIRE)–
Volcon, Inc. (NASDAQ: VLCN) (“Volcon” or “Empery Digital”) is making a bold bet on Bitcoin, announcing it now holds a substantial 3,183.37 BTC as of July 25th. This digital gold was acquired for approximately $375 million, translating to an average purchase price of $117,697 per Bitcoin. Is this a savvy move or a risky gambit?

But Volcon isn’t just passively holding. The company has strategically sold short-term put contracts, potentially allowing them to scoop up even *more* Bitcoin at prices of $115,000, $116,000, and $117,000. The premium collected from these options effectively lowers their cost basis, a tactic that shows a proactive approach to Bitcoin acquisition.

“Our treasury strategy reflects our conviction in Bitcoin as a durable, long-term store of value and a powerful treasury reserve asset,” stated Ryan Lane, Co-CEO of Volcon. “As a continuous aggregator of BTC, we will leverage our team’s decades of hedge fund experience to implement creative ways to lower the effective purchase price of BTC as we look to offer investors the most efficient, least dilutive, and lowest-cost means of gaining exposure to Bitcoin through the public equity market treasury structure.”

Further signaling confidence, Volcon’s board has authorized a $100 million stock repurchase program over the next 24 months. This move could potentially boost the company’s net asset value (NAV) per share and increase the BTC holdings attributed to each share, especially if share prices dip below NAV. It’s a shareholder-friendly decision that could pay dividends if Volcon’s Bitcoin strategy pans out.

The repurchases will be executed at management’s discretion, taking into account market conditions, share price, and legal requirements. The board retains the flexibility to adjust or terminate the program as needed, and the company plans to use existing cash reserves to fund the buybacks.

About Volcon

As of July 17, 2025, Volcon shifted gears to become a key player in the Bitcoin space, aiming to be a leading aggregator of the cryptocurrency. Initially founded as an all-electric power sports company providing sustainable electric vehicles, will this new bitcoin stratergy propel them to become a serious competer in the EV market?

Forward-Looking Statements

This announcement contains projections and expectations that are considered forward-looking statements. Due to various risks and uncertainties, actual outcomes may differ materially. These risks include the possibility that planned transactions may not be completed, or may not yield the anticipated benefits; changes in market, financial, political, and regulatory conditions; and the inherent volatility of Bitcoin and other cryptocurrencies. The company’s stock price may correlate with the price of digital assets, and increased competition, regulatory uncertainty, and tax implications related to crypto assets could also impact results. Investors should refer to Volcon’s filings with the SEC for a comprehensive discussion of these risks and uncertainties. The forward-looking statements speak only as of the date of this document, and Volcon undertakes no obligation to update or revise them.

Source: Volcon, Inc.